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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 Trappedon Dec 07, 2024 11:33am
135 Views
Post# 36350983

RE:RE:RE:RE:November Buybacks

RE:RE:RE:RE:November Buybacks100 Percent, Quint. Sometimes I think these accounts troll because they're either bored or miserable, or maybe a combination of the two. Whatever it is, they're definitely not looking at the big picture.

And, you're right, why would ARX hammer their buybacks now when there's a punative federal tax in place? No, they did all the heavy lifting 10 bucks ago and long before the new tax was in place. 

Any buybacks they do now are a bonus that allows them to take advantage of price dips and stay well ahead of any share-based compensation. Either way, the share count is headed in the right direction.

I'm calling it now after seeing November top-well results from Kakwa and early bonus production of 20,000 BOEPD from Attachie Phase 1: Q4 financials will rip the face off anyone trolling this Montney blue-chip player.


Quintessential1 wrote: Quite frankly I wans't a fan of buybacks for this year, and said so,  as the new buy back tax came into play and it was supposed to be a transitional year with poor performance.

Well I was wrong.  It was transitional year but a poor performing one isn't how I'd describe it.

If management wants to hold buy backs to 1% thats ok with me as I can see a future where the buy back tax gets repealed by a changing federal government.  They can buy back then.

If management wants to buy back more than 1% I am ok with that too as the share price must below what they feel is ARX's intrinsic value and will pay off later when the stock is pushing $30 per share just as the previous buy backs have looked great later.

I am ok with both because I don't run a $15 billion dollar company they do.

I just sit back and collect the cash they have made for me.  ;-)

Lets see,  when I bought in ARX was a $2 billion dollar company.

I think they are doing ok for me.

GLTA ARX BULLS








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