ARC Resources Ltd T.ARX

114.25 dollars a BOE

[MyHoneyPot]

A billion dollar loss in just oil, is within Reach of ARX resources in 2022.

These guys are stupid, and with Kakwa the best Condensate play in the entire country and all they can talk about is a stalled project, Attachie with no economics, no first nations agreement, and no timeline. 

ARC resouces is a ship with no one at the helm. 

IMHO

[Chimpwithdart]

Mrs Honey Pot, birchcliff is completely hedgeless if that is your thing

[Deckdude]

It appears that way  I bought to make money  oil is up 20 bucks since I bought  this is up .99 im getting ripped off

[MyHoneyPot]

Management is ripping you off, their plan is mindless, and the players in management are rookie.  They could quickly reduce the impact of their hedges with additional investement in Kakwa, but instead they threw money at the attachie play, unsanctioned and will not produce a dime, for many years time.   Sunrise is the most expensive dry gas play in the planet, and Terry keeps

[sirmevl]

I would hope investores see that oil and gas can is volitile and 110 usd is not sustainable.  Wait a week until the Iran deal goes through and it's back down $20.