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 > ARC NCIB

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Comment by Quintessential1on Apr 05, 2023 11:41am

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Post# 35381139

RE:ARC NCIB

It looks like they went out for a three martini lunch on April 4 and never came back after entering the initial 475,000.

Look at those buy prices some in the $14s I bet mhp's ACB isn't as low this go around.

So they just spent about $103 mil in shareholder returns and saved themselves about $1 mil in dividends this quarter and every quarter after that. I guess they had more FCF than I thought.

So that is over 1% of the shares outstanding and about 23% of the remaining NCIB.

Thanks for checking again GunnerG

GLTY and all ARX BULLS