ARC Resources Ltd T.ARX

Profit taking??

[rusty777]

Not sure how to inrterpret what is happening.  Gold up $5.00 today and almost $10.00 from yesterday's close so it's a bit baffling as to why ARX is down....I was anticipating a bit of a jump.


Silly me

Rusty

[DaveInvestor59]

The Canadian energy stocks are performing pathetically next to the rising price of WTI. Oil and gas are both up today but both Tourmaline and Arc Resources are trending down, as is the whole energy sector. Energy share prices should be double what they are for $110. WTI. I wonder if we'll ever get there no matter how much WTI goes up. The last few months have really made me wonder.

[vinneyquaw2]

Its still early - stock being played with - manipulation. Its going to be volatile on its way to $18-$19, but give it a couple of months we'll be there and more!

[northman]

As a few people have mentioned the day to day swings are not overly important. I think a large part of Canadian Energy underperformance today relates to the BoC hiking the interest rate, our currency strengthening, and thus WTI worth less in CAD (excluding today's price gains). The important thing to remember is that higher oil prices = higher profits and thus eventually this will reflect in

[IvanGubinski]

vermillion is going but not ARC wtf!!

[IvanGubinski]

Arc makes 350 thousand boe per day. Vet makes 30 thousand per day. Yet vet market cap is 4 B and arc has only 10B . Well I hope I am not completed crazy. We should be at what 50B market cap which is 75 bucks!! WTF 

[RusticHit]

Is ark owned By russians  ??? fking droping ;ike crazy today while otehrs Up 3-5%

[Quintessential1]

Now compare the price of Brent and WTI and WCS Then compare TFF and AECO prices. VET is running up to its earnings report and ARX has already reported theirs. VET sells 22% of its production in Europe.  You cannot compare these two companies. ARX has yet to announce its dividend....wait for it. GLTA Longs

[IvanGubinski]

Everything belongs to the russians

[GunnerG]

And if they both produced zero boe per day last quarter, how would you then put a value on them? I find it hard to believe some people play the stock market.

[clamlinguine]

I think your Vet number is way off. Vet is quite under valued comapared to ARC if you go by todays prices. Vet is over 50% fcf according to my calculations. They are looking at 2 billion fcf for 2022 with a 4 billion mcp. So VET fcf is over $5 million/day.

[IvanGubinski]

Are you kiding me ? 350 thousand barrel means 28 million bucks a day after opearting cost , it means 9 B in the pocket every year. Why the market cap is 10B wtf!!!!!!

[GunnerG]

I think you are being scammed by someone.  Sell and put it in a savings account.  Please