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Bullboard - Stock Discussion Forum ARC Resources Ltd T.ARX

Alternate Symbol(s):  AETUF

ARC Resources Ltd. is a Canadian energy company. It is focused on the exploration, development, and production of unconventional natural gas, condensate, natural gas liquids (NGLs), and crude oil in western Canada. Its operations are focused in the Montney region in Alberta and northeast British Columbia. Its operations in Alberta are located near Grande Prairie and the region includes Kakwa... see more

TSX:ARX - Post Discussion

ARC Resources Ltd > Revenue
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Post by Farmer12 on Mar 03, 2022 8:52am

Revenue

ARX is pulling in around $12 million gross per day, just from oil and condensate: (85,000 x ~$140 Canadian). The NG gross contribution is also very significant: (1,280,000 x $6= ~$7 million/day??) In Q4 ARX was able to sell NG at around $6.50 Canadian, if I remember right, or about $1.50 more than various averages. Quite impressive! Already Q1 is already 2/3 nailed down with great prices. A nice dividend hike could goose the price nicely. Granny needs a new pair of shoes.
Comment by GunnerG on Mar 03, 2022 10:06am
From the Q4 FS.   ARC derives its revenue from contracts with customers primarily through the transfer of commodities at a point in time representing the following major product types: Commodity Sales from Production, by Product                                              ...more  
Comment by Farmer12 on Mar 03, 2022 11:05am
Interesting stats from 2021. The ARX Seven Generations combination closed, I think? On April 6 of last year. Up to that time Arc had been much more tilted to NG. Since the closing ARX is really benefitting from +- 85,000 barrels of oil and condensate and the proportions of revenue may be slightly different. 
Comment by IvanGubinski on Mar 03, 2022 12:08pm
VET has 85 thousand barrel a day. we have 350 thousand thousand barrel a day. yet VET has 5B market cap we are having 10B? I thing we should be 20B. that translate to 30 bucks a share WTFFFFFFFFFFFFFFF
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