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 > Arx reported buyback of 975,000 shares

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Comment by MyHoneyPoton Mar 07, 2023 3:06pm

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Post# 35324306

RE:RE:RE:Arx reported buyback of 975,000 shares

FCF has dropped off with Gas prices, but the oil revenue will be up.Overall FCF will be down is my guess.

They have significantly increased capex, for house cleaning projects like electrification, and water handling that will reduce operational cost but not increase production.

They may be planning on sanctioning Attachie, which adds another 700 million to the already high capex expenditures. So that would mean 2.5 billion in capex spilling into 2024.

IMHO

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