ARC Resources Ltd T.ARX

Can't sugar coat that quarter - it sucked.

[Cheadle12]

These guys need a Board & Mgmt. Clear out.

[Volkomm]

Absolutley brutal, and it rests completely on management. The assets they have are top-tier. Only 100m in debt paid down, net loss, less fcf than q4, 20% dividend increase is insulting. Higher capex and opex. Crazy high royalties with brutal hedges. They keep saying in their deck that dividends are the primary capital return mechanism,. Yet they are using a 45$bbl/3$gas as a reference? WTF year

[Relaxrelax]

Loss because of bad risk management and compensation to management.....oh boy. Net Income (Loss) ARC recognized a net loss of $69 million ($0.10 per share) during the first quarter of 2022, compared to net income of $678 million ($0.96 per share) during the fourth quarter of 2021. During the first quarter of 2022, ARC recognized increased losses on

[topdown99]

How many shares do you want to sell me ? I'll take what you got in a private cash deal , then you can cut and run with a smile on your face 

[Volkomm]

There will likely be a 6,500 share block coming up tomorrow AM. For these guys to keep talking about 50$ WTI & $2.00 gas baffles me. All the while increasing their share compensation by DOUBLE to 1.5mil a week. I want to like this company so bad but jesus murphy this management team. Where is Hal Kvisle during this trainwreck. If they're not spending money on Attachie or Kakwa, where

[barneyj44]

Who cares if Arx says they can cover there dividend at $50 Wti. Proves we have a great safety net. Whitecap does the same , all the way down to $45

[Volkomm]

It's a good gesture to illustrate how strong the safety net is at those types of prices. However, we are not at those prices and haven't been for some time. They only paid down 100mil of debt, bought back a little bit of shares, barely raised the dividend. Where is the shareholder money? Tourmaline is looking better and better everyday. 

[Relaxrelax]

Tourmaline and Birchcliff are probably the best nat gas plays.  Tourmaline for their great management and Birchcliff for their torque as the are unhedged to the price of nat gas.

[barneyj44]

I see Crew came out with numbers after hours as well. At first glance looks like they had a loss as well ( probably hedging) and debt repayment of 13 million. Once these hedges come off and these companies are not beholden to the banksters Canadian Oil and Gas companies will all do well. Meanwhile we just got another dividend raise.

[Relaxrelax]

Surge lost money as well......seems to be the theme.....blame it on hedges/risk management and management compensation.

[GunnerG]

Yes, it sounds like its time for you to move on.  Nothing good to say at all.

[topdown99]

Give it a rest Volkswagon , all this whining over 6500 shares ? What did you pay for them ?  Do you really think Hal Kvisle would tarnish his reputation in some underhanded scheme ? ARC bought VII (warts and all) and one way or another , time is the only thing that will clear this balance sheet . UNREALIZED LOSSES are still required to be accounted for , they can buy them out or run them out