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.

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ARC Resources Ltd

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Post by Quintessential1on Aug 16, 2024 4:58pm

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Top Picks by Eric Nuttall

ARC Resources (ARX TSX)

ARC Resources offers deep inventory depth with over 20 years of premium inventory depth and four to five equivalents of their current Attachie development area plus long-term leverage to a secular bull market in natural gas. Trading at 4.5 times EV/CF and returning 70 per cent of post-dividend free cash flow to returns, we see visibility for ongoing trading multiple compression from ongoing, meaningful share buybacks.