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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 GunnerGon Jan 08, 2023 6:03pm
128 Views
Post# 35210042

RE:RE:ARC has not grown production since merger?

RE:RE:ARC has not grown production since merger?They have delivered what they have said they would. 

Pipe dreams?  Don't blame BC government and native dragged out negotiations on ARC management.  This could change next week and they have budgeted for it.  If the stalemate continues, they can't do anything, maybe spent it elsewhere.  They can't win.

Management provides guidance and you don't listen to what they are doing.  If you have become tone deaf and think so strongly they are doing the wrong thing.  Take action and sell your stocks that you think should be $30.

Production guidance 340,000 boe/d, met.  Slight increase for 2023 which you dont like.
Capex at Kakwa increased last two years, met.  Drilling ~75 each year, 2022 and 2023.
FCF return to shareholders by dividends and share buybacks. met. You dont like.
Debt reduction, met.  Still have a ways to go but much better than at the merger.  You dont look at debt for some reason.

Hard to believe you have invested your money in this company with all that you don't like.
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