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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 > Disappointment in the Plan
View:
Post by MyHoneyPot on May 06, 2022 8:54am

Disappointment in the Plan

Misdirected Operational Plan

ARC is simply to free with Shareholder money, with all the free capacity they had at Kakwa for more than a year they have earmarked all their capital to projects that are not sanctioned, and can't be built. 

Sunrise is not Sanctioned

SunRise - You heard me say it seemed expensive, and i believe the budget was 125 millon to add 80 Mmcf of gas. However what they forgot to tell share holders is that they did not have the permits, and i am guessing first nations approval to go ahead with the project. 

Attachie is not Sanctioned

Attachie they can't get it sanctioned, and they have been spending capital on the project and nothing to date has flowed to the bottom line, improved production, revenue, shareholder returns. 

We are in one of the best commodity supercycles, and management is dicking around with projects that are not sanction.

Kakwa best Returns

35% Condensate, 42% ng, 23% NGL   CF BOE > $100 dollars

So ARX has been sittle for the last year telling shareholders they are putting their capital to work in the best plays for the best returns.

Well that is not Sunrise, that is not Attachie, and electrification of Dawson is a house keeping project that really does not enhance returns. 

Production from Arx has been a big disapointment, and it is because of Rookie Management.

Really no plan, do nothing and become the ESG company on the planet. 

IMHO
Comment by Tothemoon2 on May 06, 2022 9:11am
ARC remains fully prepared to proceed with development of Attachie West Phase I and the Sunrise expansion as soon as the BC regulatory environment supports such investment. The recent receipt of new development permits from the BC Oil and Gas Commission is a positive step towards establishing a solid foundation for future investment in the province. Doesn't this snippet say they have received ...more  
Comment by MyHoneyPot on May 06, 2022 9:27am
I have a contact that works NE BC , most of the permits are with respect to existing projects.  Permits for new projects are just not being given out, form what i understand.  When you look at companies like TOU they have 5% growth factored into ther capex budget so there are no incremental costs regarding growth.  From the confrence call it sound like they would going to add ...more  
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