RE:RE:RE:RE:New Press Release - ARC RESOURCES LTD. REPORTS RECORD YEAR-END RESULTS AND RESERVESYou tell them Trapped this was a great ER!
Even the no-decision decision about Attachie was what we wanted to hear. Get it right...next year!
Record profits and sustainable dividends.
This share price is going up!
GLTY and ALL ARX bULLS
Trapped wrote: As a long-term shareholder with an average cost in the low 9's, I'm not as concerned about the short-term reaction to their spending plans or today's NG prices.
Despite its copious reserves, Kakwa is a relatively mature shale play and will be therefore subject to significant declines over time. That production has to be replaced to sustain long-term operation and I'm sure the market will understand that you have to spend money to make money in the decades to come.
This was a tremendous quarter from a production and earnings perspective. That shouldn't be denied.
Just my opinion. Cheers and GLTA ARX Bulls.
iwpete wrote: I'm sure glad I only own a couple thousand ARX and have my biggest position in BIR.
...shareholders will be put on wait for years.
..... Total project costs for Attachie West Phase I remain unchanged and are estimated to be approximately $700 million. This includes capital required for the construction of the facility and initial wells required to fill it. Phase I is estimated to pay out in approximately two years based on US$70 per barrel WTI and $3.50 per GJ AECO....
These guys are empire builders. The banks will love them, me not so much.