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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 GunnerGon May 26, 2023 10:56am
107 Views
Post# 35465727

RE:Have share buybacks really been accretive?

RE:Have share buybacks really been accretive?Crew, blah blah blah.  Whats your point.

Advantage, blah blah blah.  Whats ....

MHP still hasn't figured out how valuations are determined.  

Also, management put their money into Kakwa just as you were demanding many months ago.  Now you claim they should be replaced for following your advice.  What a fool.

MyHoneyPot wrote: ARX has bought back roughly 16% of their shares, their 2022 average annual production was 345,000 boe/day. 

So essentially for buying the equalivent of 55 thousand boe/day they paid over 2 billion dollars.

Advantage today is trading at 1.2 billion and is producing more than 62,000 boe day. Own Glacier Gas Plant. 

Crew  800 million market cap and is producing more that 33,000 boe day. 

ARX management is good a burning capital, destroying capital, and not paying shareholders. 

ARX needs a new management team, and their staff it twice the size as TOU and all the cheerleaders on the board are telling you a fairy tale story. 

Someone should buy ARX, fire 2/3 of the staff, and fix the risk management mess. ARX is a good buy for TOU.

IMHO


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