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 > Using technical analysis for this one.

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Comment by northmanon Nov 21, 2024 10:07am

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Post# 36323614

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Using technical analysis for this one.

Oh yes I did indeed hold on to my shares. My only point was that I wanted condensate exposure, not so much gas exposure. I am happy with the more stable company too, but condensate has continued to outperform while gas remains in the dumpster.

That's why I like to see the development of Kakwa 2 (aka Attachie). So much juicy condensate!

Given your investment returns I wish I had your purchase price, but my average cost is about $10 / share for ARC, which is sitll pretty sweet.

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Rig Count Soars as Utilization Surpasses Industry Averages