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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 SideshowBob1on Oct 25, 2022 11:05am
203 Views
Post# 35046566

Resistance is Real

Resistance is RealFairly massive resistance in this $19 dollar range. "Finding a bid" lately as Nuttal said, 34$ target pretty optimistic.  Fundamentals in tact, higher for longer commodity prices, but looking at the 1 year chart who was the stones to throw down a bid at $19? Short term path of least resistance: lower. Break out imminent? Still gun shy. 
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