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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 > Resistance is Real
View:
Post by SideshowBob1 on Oct 25, 2022 11:05am

Resistance is Real

Fairly massive resistance in this $19 dollar range. "Finding a bid" lately as Nuttal said, 34$ target pretty optimistic.  Fundamentals in tact, higher for longer commodity prices, but looking at the 1 year chart who was the stones to throw down a bid at $19? Short term path of least resistance: lower. Break out imminent? Still gun shy.
Comment by Quintessential1 on Oct 25, 2022 2:21pm
Resistance is futile.  ;-) Not one but two LNG plants coming online.  Cold weather approaching. State actors actively targeting Nordstream 1 and I bet 2 if it were ever approved. Qatar says it can't supply the EU with anymore gas this year and next year isn't looking dood either  With this many tail winds I could get a brick in the air! Wait unti Q3s ER and the hedges ...more  
ARC Resources Ltd
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