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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 Farmer12on Jul 05, 2022 1:39pm
162 Views
Post# 34802496

Market panic

Market panicI quickly checked the share volume of Arc, Su and Tou. The trading volumes are pretty low considering the huge market drops. I bought some more shares as well as some options to ride any bounce in the next few days. Interest rates are still fairly low, in historical terms, and this is an election year in the U.S.   Are fears of a recession well founded or exaggerated? Q2 for Arc should be very positive and countries around the world, at least those in a position to do so, will want to top up their reserves. A big question is whether Arc was clever enough to lock in some of the higher prices earlier in Q2 or if they were gun shy because of earlier and current hedging losses. There is some blood in the streets, especially from those who, unfortunately, are margined up the wazoo.
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