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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 retiredcfon Jul 30, 2024 6:20am
183 Views
Post# 36153840

Top Pick Details

Top Pick DetailsSecond stock in the clip; he and his family also own it personally. GLTA

https://www.bnnbloomberg.ca/video/shows/market-call/2024/07/29/ryan-bushells-top-picks-pembina-pipeline-arc-resources-and-k-bro-linen/

Arc Resources (ARX TSX)
 

Commodity prices have been weak recently which has caused Arc Resources to retreat more than 10 per cent from the highs earlier this year. We believe investors are not properly discounting the growth in contracted volumes Arc will bring on over the next few years, or the improvement in commodity prices that is likely once export capacity comes online. In the meantime, we collect a three per cent dividend yield with a massive share buyback in a company that makes an excellent acquisition target given the depth of their inventory position in Western Canada.
 

TOP PICK
Arc Resources Ltd(ARX-T)
29/07/2024
 
It is levered to both oil and gas and he thinks the floor comes up for gas. It can grow production with the existing infrastructure so there is no need to make acquisitions, and in fact it could be an acquisition target. There are good opportunities in Western Canada and Western Canada is overdue for something to happen. It is buying back shares and pays a 3% dividend.         Buy 15  Hold 1  Sell 0
 
(Analysts’ price target is $30.77)
 
Oil / Gas

Ryan Bushell
$23.200
Owned
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