ARC Resources Ltd T.ARX

Net loss???

[ReitsRus]

Net loss of $69 million???

[barneyj44]

Hedging loss? They inherited poor hedges from the VII Gen acquisition.

[northman]

$830 million hedging loss....unfortunately.

[Relaxrelax]

Yup, just making $5.98 per MCF at a cost of $4.04....so a profit of about $2.00 per MCF.  Stil don't getting hedging to this extent in a commodity bull market.

[Trapped]

Not sure how I feel about this one... gonna take some time to go through the earnings report. Cheers and GLTA ARX longs.

[topdown99]

It's all bean counter BS , unrealized losses are on paper only but squew results , actual (realized) losses on VII hedges were only $27M  and they spent $200M on share buybacks . The important details are making use of capacity at Kakwa which HP has been b-itching about since .......... forever . Average condy price was $120.00/bbl and Kakwa pukes out condy likw sweat from an overweight

[barneyj44]

Results look good to me as well. A quick comparison with regards to Free cash flow. Tourmaline had First quarter free cash flow of $618.2 million, Arx had $410 million. I would say were undervalued. Once the hedges unwind Arx will be our very own Atm.

[topdown99]

If people are blinded by that detail and there is any kind of panic selling , I'll be in there buying . Look at the entire report , production and commodity prices . When VII is finally washed away , this will be one of the most coveted stocks in the O&G sector 

[angelnicky]

Trapped how do you feel now with your loss of investment I guess your chest is sticking out now please read the fine print  have a nice evening and enjoyed the million dollars losses when gas and oil are all time high

[northman]

they are not entering into new hedges in a meaningful way. These are the extended impact of old hedges that haven't expired yet.

[sorrenson]

I bought 1000 extra shares today. FFS