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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 parchegon Oct 14, 2022 11:24am
202 Views
Post# 35024805

RE:RE:RE:RE:RE:Q3 soon

RE:RE:RE:RE:RE:Q3 soonOops: meant to send the following.Birchcliff news.... It's no secret that this has been in the works for a while; yet the announcement from Birchcliff Energy that it's going to pay a special dividend of $0.20 per share later this month is likely vindication for a natural gas producer whose shares were in penny-stock territory near the onset of the pandemic and whose dividend was taken down to half a cent shortly thereafter. But now the debt is way lower, free cash is booming, and the goal of having an annual dividend at $0.80 per share (10x the current level) is still in place for next year. We're hoping to speak with CEO Jeff Tonken today about the payout, Birchcliff's updated capital spending plans, and how future excess cash will be deployed.
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