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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.


TSX:ARX - Post by User

ARC Resources Ltd > Reassurance for the big picture - Ryan Bushell Early Feb bnn
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Post by Grandcentralon Feb 28, 2023 7:27pm
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Post# 35311233

Reassurance for the big picture - Ryan Bushell Early Feb bnn

Reassurance for the big picture - Ryan Bushell Early Feb bnn

 

ARC Resources (ARX TSX)

Arc Resources is down ~22 per cent since early December as mild weather has caused a collapse in benchmark natural gas prices. This drop is more than warranted given Arc’s significant condensate production which has a captive audience of oil sands producers and trades at a premium to benchmark oil prices. Additionally, Arc owns a significant infrastructure position that benefits from lower gas prices and finally, the company stands to benefit significantly from the completion of LNG Canada in terms of additional volumes and more stable pricing. The shares are very attractive anywhere below $16 in my opinion.

https://www.bnnbloomberg.ca/ryan-bushell-s-top-picks-february-2-2023-1.1878587

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