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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

Comment by clamlinguineon May 06, 2022 2:48am
138 Views
Post# 34661193

RE:Results

RE:ResultsI'd say the problem this quarter is lower end production on oil and condy (less than 81000 bbls/day) and high royalties and taxes paid on the higher oil and gas prices which we still have to pay even though we aren't receiving those higher prices on the hedged production.  Remember, WTI was only a bit above $90 and HH was $4.50 as opposed to our present $100+ and almost $9.00 HH so....I will probably hold rather than sell into the dip tomorrow.
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