ARC Resources Ltd T.ARX

Can someone explain this Market

[Mike975]

Can someone explain this market, Arc has a blockbuster of a quarter and the stock jumps barely 2%. Tech stocks barely beat the street expectations and jump 20% in one day. Backwards

[1condor]

Mike975..I believe the street was neutral on the earnings release. So no big pop or no big dump in the shareprice. As result the stock today is just trading along with others in the sector. I was hoping for some weakness this morning to add but it didn't materialized...maybe at the close.

[IvanGubinski]

stocks goes up when stock god has an erection. It goes down when his wiener goes down. It is from a professional analyst

[GunnerG]

I think it was a rhetorical question. If not, it was a stupid question.

[Renofund]

You "called" a 10% drop lol

[1condor]

Renofund...no doubt the pop in oil price kept ARX positive today. However, it actually underperformed the sector when compared to other oil and gas stocks. Lets see if there is a chance to pick up some cheaper shares next week. 

[Renofund]

Of course it did, no one suggested it didnt, it kept every energy stock up lol.  Also, other oil stocks underperformed ARX, so what can ya do.  CAD energy sector was up 2.57% today, so roughly inline at 2.27%.  

[topdown99]

It seems pretty obvious to me , the traders were prepared to take profits after the release of year end numbers . I doubt any of those traders expected oil to rocket on a Friday which was able to absorb those shares without a "waterfall" event . As next week progresses , I would expect continued upward pressure and when we achieve critical mass , $20 will be the next target . Everyone

[barneyj44]

I ended selling 1000 shares before numbers came out just in case as I've seen it time and time again where good numbers come out and the stock sells off. Was happy to add 500 back at a slightly higher price but am good with that as I was buying back when the VII Gen was announced. Happy to hold Arx, Wcp,Cpg and Bir...

[Quintessential1]

WTF?

[Cheadle12]

Just don't do that again Barney ok?  This is not a name to be trying to trade and time responses to ER's.  Load your position up & just wait. This stock will be $18 shortly, $23+ by year end and between $27-$32 before 2024.  Don't believe me?  Just watch. Oh, I forgot about the dividends & dividend increases also..  ~The Great Cheadle. &

[barneyj44]

Agree Cheadle best to hold instead of trying to get too cute trying to trade in and out of Arc. The market is so choppy and erratic these days there always seem to be plenty of buyers and sellers. It has worked out well for me to a certain degree examples Cpg, Bir. and Wcp are good traders always mainting a big core position. Did well with Crew and Baytex when they were trading at .40 and $1

[angelnicky]

it may stay low until full div that was taken away is reinstated