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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 13, 2024 9:42am
138 Views
Post# 36176296

RE:RE:TOU to Buy Crew Energy for $947 Million in All-Stock Deal

RE:RE:TOU to Buy Crew Energy for $947 Million in All-Stock DealIt was a pretty cool move by TOU getting Crew at the top of their trading share price value with no additional premium.  That being said Crew got all of their debt covered and shareholders just got a nice little dividend which is more than they were getting before.  Judging from the rise of both TOU's and CREW's share prices the market likes this deal as they should.

It would have been a nice pick-up for ARX but at that valuation and all shares it would have nearly doubled ARX's share count again and added debt.  The timing might not have been the best with attachie not quite up and running yet.  Again with that being said I wonder If KEL would entertain the same kind of all stock deal to the high side of their trading level? At a 52 week high of $8.16 that would be about 3 KEL for every 1 ARX share and would again double ARX's share count.  Less debt though and KEL shareholders would get a better dividend. 

IF it was ARX would I take a deal at the top of the trading level?  Nope.  But ARX is trading near the top of their 52 week highs and quite frankly KEL is down only 30% off of theirs.  The reason Crew could be taken out at their 52 week high is because they were trading down 70% from it.  ARX is only off 5%  52 week highs and paying a decent div.  So if they are coming for ARX I hope they  bring their war chests because a 52 week high takeout offer just isn't going to cut it.  Now if you want to talk ATHs of say $32-$33...you're still low ...LOL.

EASY HOLD!

GLTA ARX BULLS 

 


Trapped wrote: This move is so good to see. Everyone knew this whole sector has been significantly undervalued for years, but consolidation changes everything. 

Congratulations to everyone who bought in / added a few bucks ago.

Cheers and GLTA ARX Bulls!


Quintessential1 wrote: So much for my hopes of a Crew pick up....good deal for Crew and TOU...congrats to both.

The all-stock transaction is valued at approximately C$6.69 a share, representing a 72% premium over Crew’s closing price on Friday, according to a statement from Crew on Monday. Crew shareholders will receive 0.114802 of a Tourmaline share in exchange for each Crew share held. The transaction includes C$240 million in Crew’s net debt.

https://ca.fintance.yahoo.com/news/tourmaline-buy-crew-energy-947-115638535.html





GLTA ARX BULLS




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