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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 19, 2024 9:57am
171 Views
Post# 36185711

RE:Capex cut?

RE:Capex cut?Yeah, either reduce cap-ex or reallocate it to higher liquids percentage holdings like Kakwa or Attachie.  With LNG Canada and a bitterly cold forecasted winter coming they may not do either as NG prices are already starting to rebound and things are looking dire for Europe again with Russian supplied NG adding to what may be higher global demand and pricing.  I think we can count on management to do the right thing given the sunrise curtailmants.  Luckily those NG taps turn on and off fairly easy (my understanding) even with wells drilled and tied in so they can take advantage of higher pricing if and when it comes.

GLTY and ALL ARX BULLS 


Sunsurfer12 wrote: Given the Sunrise shut in starting to wonder if ARX isn't going to go easier on 2025 Capex spending..I'd be happy to see production flat if it means realizing higher prices on what we are producing..more or less same outclme net of capex...as opposed to spending Capex to get more bbls/d but AECO pricing?


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