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 > 4.2M shares

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Comment by Quintessential1on Jan 09, 2023 7:13pm

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Post# 35212332

RE:RE:4.2M shares

So they have repurchased 50% of the allowed repurchases under the renewed NCIB from September
leaving them approximately 32.5 million shares left on the existing NCIB.

At under $17 per share I would hope they are spending that December FCF that should have been higher because of high NG prices and a reduced hedging contract.

In September of 2022 they bought 15.7 million shares with the highest price being $19.38 per share
They could easily buy back half of the remaining NCIB in January before the Q4 YE 2022 ER.

That would be sweet at $16-$17 share prices

I have a question for those in the know. On the CEO website they show ARX with a short sale.

Why is that?

TIA

GLTA LONGS