ARC Resources Ltd T.ARX

April 2024 Share Buybacks

[Trapped]

ARX repurchased and canceled 220,000 shares in April. Last month's buybacks alone will save the company approximately $150,000 per year on dividend payments at the current rate.

We'll see next week if this sustained lower level of buybacks translates into a dividend increase along with Q1 earnings to maintain the company's stance on growing shareholder returns over time.

Cheers and GLTA ARX Bulls.

[Quintessential1]

I am hoping it will Trapped.  I like to think of them not only saving the current dividend rate but also the potentially increased rate as well. It looks like this month's buybacks are 10% higher than the previous months.  Is this reflective of increased free cash flow due to those higher WTI prices we were experiencing over the last 2 months? I had said earlier that I hoped that