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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 > I sold my position in ARC today.
View:
Post by DukesMtl on Feb 24, 2023 2:34pm

I sold my position in ARC today.

Due to an unusually warm winter and a build up of Nat Gas for European needs which never manifested due to this warmer weather, Nat Gas is going down from here and names like ARC & Tourmaline will no doubt share the down trend. 

I will buy back in when ARC is in the 3-4.00 range this Spring.
Comment by BigJake on Feb 24, 2023 4:40pm
Well good luck with that, I hope you enjoy the cash you made in ARX 
Comment by Speciallygood on Feb 24, 2023 5:43pm
Either you are kidding or not in full control of your mind.   $ 3-4 ???     A Billion dollar company....Another one to ignore IMHO
Comment by PaleRider22 on Feb 24, 2023 6:19pm
No one cares what you do...
Comment by integrity11 on Feb 24, 2023 6:25pm
  Lol you sound like a typical shorter trying to drive the share price down. You likely didn't sell any shares today and also likely didn't have any too start with. Nice try, but it is nice to see some humour, You are very funny with your statement of buying back at  $3 to $4, There is not enough humour in the world so Thank You.
Comment by DukesMtl on Feb 24, 2023 6:44pm
Actually, I got a double with ARX having bought in years ago at 7-8 range. LNG prices are going to ZERO and oil producers will be burning off NAT Gas due to the GLUT that has been accumulating and will worsen in the spring time when nobody needs NAT Gas to heat or cool anything!  Just hold on to your shares and we can revisit this in late May to see who was correct.