RE:RE:Eric NuttallI'm not surprised. Increasingly, funds and pension plans etc. only want the best of the best. That means large, well-capitalized names with the strongest balance sheets.
I love how he said low NG prices aren't even that much of a problem for ARX. Why? Because they went out and struck lucrative long-term distribution deals that tie into the coming LNG boom and overseas markets. That's leadership.
Smaller names will be price-takers and eventually get gobbled up. As you say, easy hold from here!
Quintessential1 wrote: It was interesting that when he was asked about POU he had nothing but glowing comments re growing their production and yield but for his incremental dollar today it is not the first name he is going to go out and buy.
But ARX was. ;-)
GLTY and ALL ARX BULLS
retiredcf wrote: BUY
Arc Resources Ltd(ARX-T)
13/09/2024
Owns large percentage in fund. Very stable and conservative business model. Very strong cash flows with low breakeven prices. New projects going well. 20 years of stay flat inventory. Low natural gas prices don't affect company too much. Expecting major share price appreciation. Can sleep easy at night.
Oil / Gas
Eric Nuttall
$23.150
Owned