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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

Post by Trappedon Nov 06, 2024 5:30pm
176 Views
Post# 36299747

Very Solid Quarter!!

Very Solid Quarter!!Just some quick highlights:

Net income in Q3 of $0.55 per share, a 39 per cent increase over Q3 2023. Very nice!

Attachie Phase I is already producing 20,000 BOEs/day and will ramp up to 40,000 over the coming weeks! This will contribute to record production not just next year, but in the current quarter!

Dividend increase from $0.17 to $0.19 per quarter. You must remember that this is a conservative company. This is a solid increase and it's right in line with my expectations as an investor. Slow and steady wins the race.

I would love to hear your thoughts. Thanks and GLTA ARX bulls!
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