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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 Aug 10, 2024 1:08pm
160 Views
Post# 36172848

RE:Posted on twitter by @Gugo907

RE:Posted on twitter by @Gugo907I am not sure that this post and buyback chart got the attention that it deserved at the time and management certainly did not get the credit.

ARX leading the way in buybacks at the time with a share price over 9% of the wieghted average price (WAP) of the shares they bought back in 2023.  They were a good deal then and look absolutely genius now.

For those thinking that buybacks are a waste of money (looking at you poo pot)  just check out the share prices and performance of the share prices of companies that did.

Right at the top SU shareholders must or might have been upset buying back share at a WAP over 9% of the current share price at the time.   They too look like geniuses today with a share price currently over 29% higher those WAP share price buybacks.

ARX current share price is today is over 50% higher than their 2023 WAP buybacks.

So if SU's management look like geniuses,  ARX's management are .....?

GLTA ARX BULLS 

 
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