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 > January Buybacks

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Post by Trappedon Feb 08, 2023 2:01pm

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Post# 35275022

January Buybacks

I don't have a link but ARX bought back 1.8M shares in January at an average cost of $16.82. Given the current SP, I'm glad they didn't buy more.

Maybe keeping some cash on hand for a dividend increase, special, or it's possible that they're hammering the remainder of the NCIB now, which wouldn't be a bad thing.

Looking forward to Q4 financials tomorrow. Cheers and GLTA ARX bulls.

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