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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 MyHoneyPoton Mar 07, 2023 3:11pm
119 Views
Post# 35324321

RE:Storm Development Corp. acquiring assets from ARC Resources

RE:Storm Development Corp. acquiring assets from ARC Resources I would speculate that they are already a little bit capex heavy with a 1.8 billion capital budget for 2023.

They may be trying to raise some cash to offset the Attachie expense that would be incurred in the 2023 year to take a little pressure off the balance sheet. 

I think they want to sell those asset ahead of sanctioning the Attachie build out. 

IMHO
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