ARC Resources Ltd T.ARX

-7.1M shares

[powerlunchmoney]

...torn up!

[GunnerG]

How many have they cancelled under the new NCIB?

[Trapped]

The entire amount of 7.1M shares were canceled under the NCIB. Greater than 1% of the float in a single month! I'm really glad they're buying on this temporary weakness.

[angelnicky]

they should wait until it hits 10 and then buy back

[Quintessential1]

Sounds like the deal your mom has.  10 hits and a free b. Unfortunately they don't get the volume your mom does. So...the only way this stock hits 10 again is if they split it 2 for 1. Again, bringing to mind your mom!  It is Two-for-Tuesday deal day right? Like AN's mom ARX prices are bargain basement right now...get em while they are hot. (ARX shares not AN's mom

[angelnicky]

downgrades coming  JPM cut IMO to sell

[GunnerG]

I looked it up and they have cancelled a total of 28,625,000 under the new NCIB.  That is since Sept 1, 2022 out of 65,269,511 allowed.  Very impressive.

[Quintessential1]

Over 43% of the shares allowed under the NCIB bought and cancelled in 33% of the time allowed. I would say they are serious and like us, realize that cheaper buying opportunities in 2023 after the next ER are probably not going to materialize.  I would say they are buying all they can right now. GLTA ARX BULLS 

[angelnicky]

oil and gas run is over we a heading for a downturn alot of oil and gas stocks could easilt test their 52 w lows

[Quintessential1]

Only about a 42% drop to go and a 50% NCIB to plow through at an effective yield of 6% per year. And I'll still be up.  LOL GLTA ARX BULLS

[angelnicky]

Run is over Shareholders suffering from buybcaks as it did not increase shareholder value Oil and gas trend is downward in a recession will management be hedging in the future during this downturn Div could be at risk with lower gas and oil prices