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 > Debt

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Post by northmanon Aug 03, 2023 12:07pm

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Post# 35571372

Debt

Folks keep talking about ARC paying down their debt some more, but they only really have two long term notes outstanding with the following details:

1. $450MM, 2.3% interest, due in 2026
2. $550MM, 3.465% interest due in 2031

This is the entirety of their debt. There is absolutely zero change that these will get paid off before maturity given the interest rate, so don't expect their debt to go below $1bn for the foreseeable future. Also it would be foolish to pay these down given the absurdly low rates.

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