ARC Resources Ltd T.ARX

Alternate Symbol(s): AETUF

Energy Oil & Gas E&P

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.

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ARC Resources Ltd > Price of Oil

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Comment by Quintessential1on Jul 15, 2022 1:18pm

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Post# 34827421

RE:RE:Price of Oil

The Saudis cannot increase production faster and neither can we.

Underinvestment in oil infrastructure has oil companies all over the world playing catch up.

As Alex Pourbaix says at the end of this interview:

At these prices every barrel of oil that can be had is being sent to market.

All the drills are spinning and all the wells are pumping.

Oil supply will not be able to keep up with nevemind outpace demand for a very long time.

https://www.bnnbloomberg.ca/video/we-are-the-definition-of-energy-security-cenovus-ceo~2470865

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