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

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TSX:ARX - Post Discussion

ARC Resources Ltd > 4.2M shares

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Post by powerlunchmoney on Jan 09, 2023 3:14pm

4.2M shares

...all torn up!

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Comment by GunnerG on Jan 09, 2023 5:55pm

NCIB $77.259,456 for an average price of $18.40. I hope they have loaded up in 2023.

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Comment by Farmer12 on Jan 09, 2023 6:25pm

The Q3 earnings report stated that ARX had bought back a total? of around 91 million shares at an average price of $15.12 a share. ARX paid a bit more recently for the last 4.2 million but overall they have greatly reduced the share count and the quarterly cost of dividends, by about 4.5-5 million $ per month. This continues a virtuous cycle so that in the next downturn they are not at the mercy ...more

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Comment by Quintessential1 on Jan 09, 2023 7:30pm

Totally agree! $5M per month saved in dividend payments that can be used for more share buybacks until the 2% tax kicks in and then they switch to debt reduction as that is when it starts to come due. Perfect timing. GLTY and ALL ARX LONGS

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Comment by Quintessential1 on Jan 09, 2023 7:13pm

So they have repurchased 50% of the allowed repurchases under the renewed NCIB from September leaving them approximately 32.5 million shares left on the existing NCIB. At under $17 per share I would hope they are spending that December FCF that should have been higher because of high NG prices and a reduced hedging contract. In September of 2022 they bought 15.7 million ...more

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Comment by GunnerG on Jan 09, 2023 7:40pm

Are you asking about the CEO.ca site? Specifically the "short history" button?

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Comment by Quintessential1 on Jan 09, 2023 8:05pm

I am refering to the CEO.ca site but not the short sale button. If you scroll through the ARX Sedi list of buybacks, right in the middle of the bought and cancelled shares list there is one sale that states that it is a Common Shares - Short Sale 40 I do not know what this is. I will paste the entire row but on SH you knwo how that goes. Filed 2022-11-02 ...more

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Comment by GunnerG on Jan 09, 2023 8:22pm

I think someone just entered the wrong code. If you watch these things long enough you see the odd mistake and sometimes they correct, sometimes they don't. All IMHO

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