Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 18, 2022 2:46pm
243 Views
Post# 34832180

Prospects

ProspectsAverage spot Cushing WTI in Q1 $94.45 U.S. in Q2 $108.72. Henry Hub NG average spot in Q1 was $4.65 U.S., in Q2 $7.48. EIA projects H2 NG price of around $5.98 for the balance of the year, which might be on the conservative side. Arc was pretty good at capturing almost all of HH pricing in Q1 but that is a high bar, given our distance from higher priced markets. Arc crude with production around 8k bpd, and condensate, around 73k bpd, also are getting great prices. In Q1 CF was $759 million, FFO $744 million and FFF $410 million. Even cutting the share count and debt in a virtuous cycle helps throw a few more beans into the cookie jar. The Saudis seem to be saying to Biden re production increases "We'll get right on it, he he he, giggle!!! Almost like when your wife tells you you should mow the lawn. These are the good old days, my friends. But tough decisions have to be made, like whether to get a mail order bride, or a new car, or a boat or settle for a vacation surrounded by dusky maidens.
<< Previous
Bullboard Posts
Next >>