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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 oakesyon Jun 08, 2022 1:30pm
257 Views
Post# 34740945

ARX charts

ARX charts
On a technical charting basis ARX is approching long term resistance at around the $23-24 area from 2016 and then $32  from 2014. Also when price goes parabolic is a signal and something to be aware of .

WTI oil price is also at recent highs and will need to bust through to keep trend moving higher.

All that being said fundamentaly ARX has a great future with long life reserves in a energy resource starved world. This coming winter NG prices could be eye popping and with ARX hedges steadily coming off the cash flow will go right to the bottom line.
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