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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 Quintessential1on Jun 14, 2022 10:12am
158 Views
Post# 34754789

RE:Today

RE:TodayYeah I went and had a peak at the NG price as I saw my more oily stocks were up and my NGs were not following.

Funny with this one as you would think there would be a sweet spot with the hedges where you are making the most money and paying the least in hedging and royalty losses and it must be less than where they were trading at during Q1.  I guess there are just way too many variables to consider so the market takes the easy route.  Down is always a safe option for them.

Even though ARX dropped below that breakout level and that top trend line it is still trading high in the upward ascending channel and has not dropped below the $19.61 resistance level yet.  It will be interesting to see if get there and bounce or recover before.  

After all we are an oil stock too!

GLTA Longs



retiredcf wrote: Anyone wondering about this morning's decline in SP, BNN just featured that the price of NG is down 13% as the market digests news about delays at the Texas refinery that earlier suffered a fire. GLTA


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