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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.


TSX:ARX - Post by User

ARC Resources Ltd > nat gas inventories out..
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Comment by Quintessential1on Oct 26, 2023 4:45pm
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Post# 35703017

RE:nat gas inventories out..

RE:nat gas inventories out.."US natural gas futures jumped by 8% to above the $3.2/MMBtu mark on Thursday, rebounding from the two-week low of $2.9/MMBtu touched on October 20th amid a smaller-than-expected build and forecasts for colder than expected weather and higher heating demand over the next two weeks. New data from the EIA showed that US utilities added 74 billion cubic feet of gas into storage on the week until October 20th, above the five-year average, but missing market expectations of an 80 billion cubic feet build. Adding to the rebound, meteorologists noted that weather in the lower 48 US states is likely to be significantly colder than expected from the end of October to the start of November, increasing demand for gas-intensive heating."

https://tradingeconomics.com/commodity/natural-gas

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