ARC Resources Ltd T.ARX

Reassurance for the big picture - Ryan Bushell Early Feb bnn

[Grandcentral]

 

ARC Resources (ARX TSX)

Arc Resources is down ~22 per cent since early December as mild weather has caused a collapse in benchmark natural gas prices. This drop is more than warranted given Arc’s significant condensate production which has a captive audience of oil sands producers and trades at a premium to benchmark oil prices. Additionally, Arc owns a significant infrastructure position that benefits from lower gas prices and finally, the company stands to benefit significantly from the completion of LNG Canada in terms of additional volumes and more stable pricing. The shares are very attractive anywhere below $16 in my opinion.

https://www.bnnbloomberg.ca/ryan-bushell-s-top-picks-february-2-2023-1.1878587

[Quintessential1]

This drop is more than warranted  I am sure he meant not warranted.   Good analysis though thanks for posting. GLTA ARX BULLS

[Grandcentral]

Yes, weird wording - I read it as, "a" drop was warranted, but this drop is "more" than "what is" warranted - over sold would be a simpler and cleaner way of putting it. Edited... This drop is more than [what is] warranted