ARC Resources Ltd T.ARX

Market froth

[Farmer12]

A lot of the froth has been taken out of the market in the last three weeks. The Nasdaq has been falling since early January: Tesla 52 week high was around $1243 U.S., now ~959, AAPL high 183 now ~164, GOOG 3037, now ~2652. Around 25% of Q1 2022 is already in the can for ARX with very favourable prices: WTI around $85 U.S., NG still close to $4.00 U.S. February Nymex. Money is just rolling in from huge condensate prices around $108-$110 Canadian, Correct me if I'm wrong. I still think the cash flow for Q4 2021 will be very nice and Q1 is off to a great start. Ra, ra, ra!! I bought some more options this morning as I already have a whack of shares. Buying back shares and paying off debt creates a virtuous cycle that bolsters the share price over time. That's my story and I'm sticking to it.

[Trapped]

I agree completely, Farmer, and have actually added a little more on today's weakness. This has been a brutal week for the the broader indexes and I'm surprised energy hasn't been more of a safe haven given the relative strength in oil. But it's a risk-off, sell-the-rip environment right now. Q4 financials for E&Ps across the industry will be a huge wake-up call to growth

[Farmer12]

Many people have made a pile of money on the tech related shares. The selling seems to have accelerated in January 2022. This postponed the capital gain tax consequences a year down the road and also just looked like a good time to lighten up on these high flyers which were priced for perfection. The valuations on these shares were way too rich for me. The vast amount of gains from the sale of

[Sunsurfer12]

also added more just now sub $13..i'm such a pig i know...hope ARC mgmt has the NCIB machine cranked up today

[Farmer12]

Look for big volume at the close with some NCIB and other institutional buyers buying in???

[deepblue]

keep buying the dips. Long term this is a no brainer.