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.

TSX:ARX - Post by User

ARC Resources Ltd > August Buybacks

<< Previous

Bullboard Posts

Next >>

Comment by Quintessential1on Sep 05, 2024 7:59am

105 Views

Post# 36209438

RE:August Buybacks

Yeah it looks like they spent about half of the non-core asset revenue sale cash on buybacks so far.

Either that or there are a lot more buybacks to come at at this reduced share price.

Should be anyway considering they have half of the cash left...maybe.

GLTY and ALL ARX BULLS

Trapped wrote: Looks like 1.86M shares for roughly $45 million.

Huge monthly cancelation, but I'm not sure of the breakdown of regular monthly buybacks and those just announced related to the non-core asset sale.

Either way, a very big cancelation indeed.

Cheers and GLTA ARX bulls!