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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

Post by Quintessential1on Jul 26, 2024 10:00am
245 Views
Post# 36149610

Acquisitions?

Acquisitions?While we are waiting for the coming Q2 ER and grind through the summer doldrums which, IMO, considering the combined weight of a very industrious expansion project, decent dividends and moderate buybacks, ARX SP is performing admirably,  how about we take a look at shiny things to buy? 

Do any of you think the latest slap down of AECO natural gas pricing has unearthed any bargains in the patch that relatively high SP of $23 could take advantage of?

I don't know why but I keep looking over at Crew.  Beat down share price, (under $4 as I type), disgruntled shareholders, (at least from what I can tell from their board) and not really any end in sight as they are in the middle of a 4 year plan of expansion that won't provide any results or SP accreation for another 2 years. 

For my part I like CR's reserves, just the kind of high liquids to NG that ARX was looking for when they gobbled up VII and their proximity to existing ARX lands are within spitting distances with some lands actually touching as near as I can tell.  Anybody that has better intel on that matter feel free to chime in I would appreciate it. 

The timing seems pretty good too as like I said ARX is only 10% or so off 52 highs and CR is making new 52 week lows every day so there may be some potential SP leverage there.  I am also seeing technical predictions that are showing an under $3 CR SP by this time next year.  A long way out for sure but I don't see much making CR's SP climb by then where as ARX's SP should be be experiencing the beginings of increased  production levels with Attachie production coming online. 

Should ARX avoid the rush and start talks now or just stay the course and organically grow the production as in their expansion plan? 

I say take a deal if a deal is out there (and yeah I mean on the cheap).  Otherwise stay the course and see if deep pockets want to pick ARX up for their future value that everyone says is being discounted.

Does anybody have any different ideas for an acquisition? 

Is ARX still an acquisition target as put forward by RBC this year?

Either way the future looks good here and ARX is still an easy hold for me.

GLTA ARX BULLS 
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