ARC Resources Ltd T.ARX

I'm probably all wrong

[iwpete]

because the share price will shoot up like a rocket on what Terry said

But
a good CEO would have said
we're putting Attachie on hold till we pay off the debt and can fund the project out of cash flow
we're paying the shareholders a special div for their patience
we're continuing to pay down debt and buy in shares when the price of shares are deemed too low
and we're not increasing production till there is a pipeline exit to LNG which as it stands is still years off

[Sunsurfer12]

I'd disagree..their debt is low enough...youd pay back 2.5-3.3%% debt?.equity is expensive   well rated debt is still cheap..why would you wait to fund from cash?  No equity leverage on that? I think they're being entirely reasonable and have a great 

[iwpete]

I don't like debt I'm out of debt interest rates go up 3.3% of 1.4 billion is still $46,200,000 increase in div

[MyHoneyPot]

As much as i done like saying this, the dividend paid on the shares is significantly higher than the interest rates they are paying. Their 1.8 billion bankline is undrawn. They are pretty well taking a little more hedging risk.  I think their balance sheet is prestine, they could pur money in the banks and get a better return then what they are paying on that debt.  The cost of the

[Quintessential1]

Nothing drawn on the credit line but Imagine it packs a pretty good punch right now if they do.  They were right to pay it all the way down and best if they do not touch it if they can. You are right about the senior notes even the 3.5% ones due in 2031 are cheaper than the div right now so buying back shares saves more cash than paying them down. Cap-ex is fully fundable out of FFO.