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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 > No Arbitration with Blueberry First Nations
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Post by MyHoneyPot on Oct 25, 2022 11:17am

No Arbitration with Blueberry First Nations

ARX, has spend how many dollars and how much energy in NE B.C. and has made zero progress over the past number of years, and are really going backwards when you consider Sunrise, and the capital spent with no production gains. 

They can't get well licenses.

They can't move forward with predictable resouce development.

They can't have a plan that can be executed. 

Is this all going to be solved in arbitration with First Nations?, likely not it going to be an ongoing saga until they cut the first nations into all the projects. 

Attachie now with rusting infastructure, Sunrise another project with capex an no permits. 

You can't get a well license in NE BC, and i hardly think they will be able to maintian production pretty soon.

Time to move on, again. 

IMHO
Comment by canasol46 on Oct 25, 2022 12:23pm
This post has been removed in accordance with Community Policy
Comment by sirmevl on Oct 25, 2022 3:00pm
Points well taken however it would seem that the narrative in BC is changing and lets face it.  These issues are political and the tides have shifted, might not be in the next month but after winter i think these licenses are going to  get expedited .
Comment by Baydog on Oct 25, 2022 6:55pm
I have heard rumors of a resolution that has been held up by political concerns. Now that a new premier is in office, he will be able to take credit for helping settle the dispute. If there is any substance to the rumor, we should hear about a settlement in the next few weeks. It is in everyone's best interest.
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