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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 Quintessential1on May 27, 2023 9:26am
110 Views
Post# 35467064

RE:RE:RE:Have share buybacks really been accretive?

RE:RE:RE:Have share buybacks really been accretive?Well management is not living in the past. 

Remember the hedges were put in place by VII to guarantee FFO to cover their huge debts.

Now the hedges are rolling off but who knew that Malin would have such high NG prices?

BTW the funds made from Malin gas sales far outway the hedge loss they took in Q1.

Hedges will roll off.  No one is buying them back obviously.  Which is probably better.

Again CVE bought back their hedges and have no money for share buybacks now or dividends

CVE yields 2.5% and is down 9% ytd trading at $22.69 CAD

ARX yields 4% and is up 4% ytd trading at $16.91 CAD

Want to bet which stock wins the race to a $30 CAD share price?

Don't be surprised if it is the one that bought back shares and not hedges.  

EASY HOLD!

GLTA ARX BULLS


MyHoneyPot wrote: I will stop complaining about hedging losses, if heaven forbid they ever have a hedging gain. The incompetant CFO/Bibby that run the hedging profile will ensure that never happen. 

ARX needs a complete accounting/finace changeout for the company to improve. 

Bibby needs to go.

IMHO


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