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Bullboard - Stock Discussion Forum 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... see more

TSX:ARX - Post Discussion

ARC Resources Ltd > Condy Pricing
View:
Post by MyHoneyPot on Jul 02, 2021 2:27pm

Condy Pricing

In the futures market over the next 8 months the average price for Condy is WTI - 75 cents.

The Canadian dollar is struggling of late and is around the 80 cent range.

So if oil is 75 U.S.  and we discount condy by $1.00 boe  = $92.50 Canadian a BOE. 

Well we all know what is the largest reserve and most polific Condensate Play in Canada, it is XOXOXO , i am not allow to say its name on this board. 

Gas prices are amazing and strong as well, and with gas prices over 4 dollars, it means you finally get paid something for producing gas, not much but it is getting better as a marginal business strategy.

According to CIBC these are the priorites companies should be pursuing

Capital Discipline - Don't pursue full cycle projects when you have the very best half cycle economics projects sitting in your lap.

Debt Reduction - Playing of debt if you have a balance sheet issue, Arc says they will be there in Q3 of 2021, it believe they are already there right now. 

Returning Capital to Shareholders - This is either share buybacks or increased dividends. Managements pursuit of Attachie does not align with be best minds in investment advice. 

ARC shares are trading for 1/2 price because of poor management, and the inability to communicate the value of ARC and produce a compelling plan. They have destroyed the reputation of the Kakwa asset they just purchased, and slowed down its development at the peek of its economic viability. The want to create a money pit at attachie and throw dollars without a vialble plan to reward share holders any time soon. 

ARC needs new management.

IMHO


 
Comment by topdown99 on Jul 02, 2021 2:47pm
ARX is trading at half price because of collusion between Bay St bankers . It has been a long standing trade on Bay St to go long TOU and short ARX , hence the ridiculous price targets . You'll notice Canadian banks have the lowest targets and this is a prime example of how useless and biased the OSC really is .  Once the banks have milked all they can out of existing shareholders their ...more  
Comment by nodice7777 on Jul 02, 2021 6:25pm
You got too much time on your hands to be whining so repetitively but hey, knock yourself out!