ARC Resources Ltd T.ARX

54.74 Million Shares - Whats up?

[MyHoneyPot]

TMX - ARX Trades 54.7 million shares

So i think something is up with ARX, and really what a great opportunity to purchase the company while the cash flow is incumbered 40%.

The volume of shares that traded was 54.7 million shares, that is almost 8% of the share float if the company. 

My spider senses are tingling and i think that that would be a prime opportunity to take our ARX, every if they paid $25 dollars a share, they basically have done zero to add to production since the time of the acquisition, and are sitting on Kakwa, Sunrise, and Attachie, plays. 

Some more defined and deliverable than others. 

I could see TOU taking ARC out in a heart beat. 

IMHO

[Sunsurfer12]

yeah but it was trading on lower pricing..someone catching sellers? not someone driving prices up by accumulating from firm hands?

[MyHoneyPot]

Something is up, you simply don't trade 54.7 million shares one day, when the average normal daily volume is 3 million shares every other day.  Someone is consolidating shares big time in the company, and has anyone heard any rumours regarding a take out, at all. A takeout could be in the works is my thinking.  IMHO

[sitttingbull]

Hmmmm....i usually dont agree with myhoneypot but this time you could be right.Just under 10 % of shares which you dont have to disclose.Elon Musk did the same by buying 9% of twitter but it leaked out.

[ReitsRus]

Eric dumping before Friday? Lol 

[angelnicky]

company leaders will be upset if someone offerring them 25 dollars per share they are doing so well for the shareholders like pumpers such as Trapped who beleive in management management do not want to lose their job and will do everything as possible to stay on  Have a nice morning Trapped

[Trapped]

Nicky, I need to serve you a steaming hot mug of this is how it is. You're just too dumb and tool illiterate to be an effective troll. I can barely understand a word you say, so why don't you just crawl back under that rock you're living in and take up a different hobby. Maybe finger painting would be a little more your speed. Leave investing to the adults. Try to have a relaxing day

[Tothemoon2]

Should we be asking who has that many shares to sell?  I see Canadian public pension plan acquired shares via the merger with 7 gen. Their latest disclosure says maybe they own 19.2 million shares but also saw where at one point had 50 mil plus shares so who knows.

[Volkomm]

My current thought on that is it was a few funds swapping shares and re-balancing. Mainly because it happened right at the end of May when these things typically occur for reporting.  Might be a little sliver of buy-back in there as well.