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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 downwithdotcom1on Sep 24, 2024 9:29pm
115 Views
Post# 36239496

RE:RE:sobering reality for AECO pricing right now...

RE:RE:sobering reality for AECO pricing right now...agreed...Eric did use that very word..."lack of discipline"..how soon we forget..who remembers the shale oil disaster 10 years ago or less with the famous phrase "drill baby, drill" ,,what was this??? greedy CEOs kept drilling US shale (largely financed mostly by debt as oil prices dropped) to the point that dozens of smaller/intermediate went totally bankrupt-ten's of billions of shareholder value was lost on the backs of a large retail investor crowd AND NOW WE ARE DOING IT AGAIN both here and in the US-remember, Eric was dead set against anything nat gas for years because he said there was simply TOO MUCH OVERPRODUCTION -even in the Texas, one of the hottest summers ever requiring record power generation ever-Wawa gas went negative multiple  times in August alone..maybe LNG Canada will save the day, maybe the comissioning of more US LNG export will help, maybe predictions of explosive growth in data centres etc etc will lead to the soaking up in all this overproduction...it better because some of the unhedged sellers of dry gas are gonna start taking major hits in the months ahead if this situation isn't resolved...dwdc
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