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ARC Resources Ltd T.ARX

Alternate Symbol(s):  AETUF

ARC Resources Ltd. is a Canadian energy company. It is focused on the exploration, development, and production of unconventional natural gas, condensate, natural gas liquids (NGLs), and crude oil in western Canada. Its operations are focused in the Montney region in Alberta and northeast British Columbia. Its operations in Alberta are located near Grande Prairie and the region includes Kakwa and Ante Creek. Kakwa is a condensate-rich and high-deliverability natural gas play with top-tier development opportunities. Its operations in northeast British Columbia are located near Dawson Creek and the region includes Greater Dawson, Sunrise, Attachie, and Septimus and Sundown. The Greater Dawson operating area includes Dawson Phases I, II, III and IV and Parkland. The Attachie is a condensate-rich, natural gas play primed for large-scale development. Sunrise is a dry natural gas play with a low-cost structure, well deliverability and direct connectivity to liquefied natural gas Canada.


TSX:ARX - Post by User

Post by MyHoneyPoton Apr 27, 2022 8:41pm
163 Views
Post# 34637493

ARX objectives and Goal

ARX objectives and Goal
Bang your Head against the wall

Thats what ARC management is doing with Attachie. It is a desparation initiative by management that has failed to deliver for more than 7 years, it is personnel (Terry), it is not in the shareholders best interest(No Agreement in Place), and it is not near term, a build out needs to occur. 

CVE bought back their hedges and have commited to no mor hedges, the cost of risk management at ARX is through the roof, it is out of control and stuipid, will they commit to stopping their stupidity. Management is incompetant and can not direct a reasonable hedging program.  

So far that share buyback equates to at least $1.25 per share, given the share performance management should resign in its inability to get the confidence of capital markets. Shareholders will have to decide if the only way the shares will appreciate in value is buyback, and that they comfortable that management add no value of their own.  

Sell the company, rather than continue to endure the poor performance of the current management team. 

IMHO
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