ARC Resources Ltd T.ARX

Free Funds Flow

[clamlinguine]

Arc generated $.42 per share in Q1 and only $.35 per share in Q2. How is that even possible?

[Beakr123]

Lol read the full disclosure on SEDAR. Weak.

[clamlinguine]

  CEO thinks this is "strong" in his interview.

[topdown99]

I can't believe I shaved my legs for this ...... seems like another good quarter but poorly explained . Good debt reduction but for some reason management decided to throw in the kitchen sink for extra charges . There are always extra costs when making a purchase involving property and it looks like there are some restrictive hedges as well .  Other than the dividend increase , its hard

[Beakr123]

MHP is right about this management team (MHP my apologies for my cheeky posts), seem to be a couple amateurs leading this company. Cheadle already said it but they seriously couldnt comment on what price they sold Pembina for? What a lazy, sloppy and weak effort. Your fog simile is an understatement. 

[Cheadle12]

Totally agree.. such a lazy report.   It's like they don't care. I might be giving Mike Rose a call and switching teams.  Bibby & Anderson are brutal.

[Robertboblaw]

Did anyone else make it out as a fairly sizeable dip in crude oil prod which also may have triggered higher dd&a? I didnt see any noticeable increase in condy prod to offset it if I'm not mistaken?? Those hedge losses were just brutal no doubt but i braced for that. At least $270mm off the debt is a start. But that noticeable dip in crude oil prod due to increasing well depletion seems

[Cheadle12]

"But that noticeable dip in crude oil prod due to increasing well depletion seems alarming somewhat" Probably why the VP operations "resigned". These guys suck.

[Tothemoon2]

Is it well depletion or is it the sale of Pembina

[Cheadle12]

That's the point (that dwdc1 doesn't get)..  we shouldn't have to guess.  This is a SENIOR producer and we shouldn't have to decipher this info as investors. Could be from pembina assets.. could be well depletion could be from a non-communicated Turnaround/Shutdown. Yes, this mgmt team / PR are not very good.  I don't have the info I need as an investor and I

[topdown99]

Its says clearly (if you bother to read) that crude production "was adjusted due to the Pembina asset sale" ....... duh 

[Robertboblaw]

Well, to me they sound vague. Coupled with potenital high level departure(s), could be more indicative of "operational difficulties" rather than the disposition. I dunno. Hazarding a guess. 

[Tothemoon2]

I see in a Nov 2020 presentation with Pembina maintaining a 6500 bbls/d rate.

[Robertboblaw]

So why did they sell it for $80mm then? Do you value 6k boes of oil p/d plus 2k boes of gas at ~$80mm?? Foregive my ingorance if im missing something, but that doesnt seem to add up