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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 Quintessential1on Jan 27, 2023 2:04pm
149 Views
Post# 35250629

RE:RE:RE:Shorts Decreasing

RE:RE:RE:Shorts DecreasingYou are way off with your numbers.  They hedged out higher than that for 2023.

800k / day for Sunrise pays for eveything. 

292 million in 2023 pays for cap-ex and expansion and try to remember without Sunrise they don't really have that 100 million to spend.  It earned three times that last year.

GLTA





MyHoneyPot wrote: Good thought, but still all the gas hedges require money from the bank to pay the losses. AECO 

200,000 Mmcf at abour 2.40 Canadian, really is not a money maker, and i am not sure sunrise can even break even at this prices if the gas goes through it new plant. 


Gas Hedges are dismal and even at these low gas prices they don't provide a floor, what was management thinking? Do accuse them of that....

ARX wastes so much capital, its pathetic display of rookie management the first time Terry is a CEO and the first time Bibby the accountant is CFO.

You need to have business skills which are very lacking in those two. 

IMHO

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