ARC Resources Ltd T.ARX

BNN - John Zechner - ARX - Top Pick - Market Call

[newcoin]

One minute, twenty second mark.

https://www.bnnbloomberg.ca/video/john-zechner-s-top-picks~2265127

[newcoin]

From this video - consensus price target is $14.40! Seems like a great buy?

[TimeBuilder]

TOP PICK Arc Resources Ltd(ARX-T) 22/08/2021 at 08:00pm Get Alerts This is one of the darlings right now. It stands out because it has a great balance sheet. It also has light oil assets as well as natural gas. The price is right and the growth is there. (Analysts’ price target is $14.44) OIL / GAS John Zechner $7.990 Owned UnlockRating

[Cheadle12]

Just think, in Q2 Arc paid $250M to debt reduction.. or .35c per share.   When the balance sheet (in their words) is fully repaired - i.e end of Q4, 2021.. beyond Attachie build out, that .35c per share in Free Funds flow per quarter could easily finance a hefty bump in quarterly dividends.. in addition to large scale share buy backs via NCIB. $1.40 yr in FCF, not bad.. when your stock

[uncutgems]

unfortunatley you aren't understanding their situation. they state in their latest presentation that as soon as they FIX the balance sheet (it's not great right now, despite what bnn says) they immediately will invest their FCF in ATTA, which until 2024, will consume large amounts of cash. they won't be buying back stock anytime soon and dividend hikes will be minimal.

[Beakr123]

Well it definitely isnt bad uncut. Most of what you are saying is an assumption and therefor incorrect at this time. The latest presentation contradicts what you state will happen. Although likely,  ATTA still has not been approved by the board yet. The presentation also mentions divi increases and an NCIB. More clarity on these subjects will be available in the coming months which will

[uncutgems]

i would direct you to page 22 + 23 of the latest presenation. The reason that a decision on ATTA is delatyed is because ARX needs to pay down more debt. that's page 22. Page 23 shows that ATTA doesn't start earning FCF until 2024. That's if the project gets the go ahead. ARX will need to invest $600m of capital to get that free cash flow "flowing". I would be astonished if

[Beakr123]

With commodity prices increased this year they will probably get to their targeted debt to annualized FFO quicker than originally forecast. This means extra cash which can be directed to either dividends or a NCIB, maybe. I'm sure ATTA is also delayed so they can better understand the implications of the Treaty 8 issue so there will be more to that story. Regardless, the balance sheet isnt as