ARC Resources Ltd T.ARX

Yesterday 2 million shares

[MyHoneyPot]

Well it looks like they bought back almost 2 million shares yesterday. 

It is sad to see the beating the stock is taking. 

I have bought a lot of shares, and play a lot of covered calls mostly all bought back.

This is kind of crazy but the way i look as it is this. Now with low or no debt in a lot of cases these companies have very few bank commitments. In fact eariler this year Kelt because of low station 2 prices just shut production in. 

I think this price pullback may slow things down for a bit, especially when none of these companies have big bank commitments. 

The only issue is that as long as the market wants to sell off, you can not beat it. Everything will go down, but this time its different because the companies are still spewing off FCF and will be for a long time. 

IMHO

[Quintessential1]

So you pay down debt until it is of little or no consequence.  Some leveraged debt can be lucrative. Then you keep buying back shares.   No or very little bank interest charges, no need to hedge (NG is spiking this winter we all know it). FCF is huge and EPS is through the roof.  The divi increases to aleviate all that cash. The share price has no where to go but up. GLTA

[angelnicky]

its nice to have dreamers on this board (or pumpers) however it will not help in this downturn cycle, must wait out the time

[SideshowBob1]

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[Quintessential1]

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[SideshowBob1]

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[GunnerG]

I just woke up with an ACB of $29.57 and getting $7.95 dividend. To bad you missed it angle.