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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum ARC Resources Ltd T.ARX

Alternate Symbol(s):  AETUF

Energy Oil & Gas E&P
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 > Price of Oil
View:
Post by Trapped on Jul 15, 2022 9:08am

Price of Oil

Last one today - I promise!

The rising price of WTI this morning should tell you all you need to know about how successful Biden was at trying to convince the Saudis to increase oil production. I try not to get political but it looks good on him. Structural undersupply thesis confirmed - Today's price says it all!

5 Reasons President Biden should ask Canada, not Saudi Arabia, for more oil
Comment by PaleRider22 on Jul 15, 2022 12:46pm
They will increase production...gradually. They can't shock the market by announcing it.
Comment by Quintessential1 on Jul 15, 2022 1:18pm
The Saudis cannot increase production faster and neither can we. Underinvestment in oil infrastructure has oil companies all over the world playing catch up. As Alex Pourbaix says at the end of this interview:   At these prices every barrel of oil that can be had is being sent to market. All the drills are spinning and all the wells are pumping. Oil supply will not be able to keep ...more  
ARC Resources Ltd