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 > Nice to see the market coming to its senses

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Comment by Quintessential1on Sep 29, 2024 10:09am

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Post# 36245908

RE:RE:RE:RE:RE:RE:Nice to see the market coming to its senses

You're correct Trapped. ARX bought back 1,868,300 shares in August.

That's 1.6 million more than previous months buybacks and effectively doubles the YTD buybacks.

As a longterm shareholder return strategy it makes sense if 2024 was going to be a flat year buying back now and increasing the dividend when production and FCF increases later will pay off in the long run.

Leave it to this management to know the right things to do. ;-)

GLTY and ARX BULLS

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