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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 > OPEC+ extends deep oil production cuts into 2025
View:
Post by Quintessential1 on Jun 02, 2024 7:24pm

OPEC+ extends deep oil production cuts into 2025

This should take car of oil prices until LNG Canada starts up and buoys NG prices.

https://www.reuters.com/business/energy/opec-seen-prolonging-cuts-2024-into-2025-two-sources-say-2024-06-02/

GLTA ARX BULLS
Comment by Quintessential1 on Jun 03, 2024 8:00am
Unless NG prices get buiyed by something else even sooner. "European natural gas futures surged as much as 13% to above €38 per megawatt-hour on Monday, the highest level in six months driven by a drop in Norwegian supply. Nyhamna gas processing plant was hit by unplanned outage and it is not clear how long it will last. As a result, Norwegian gas shipments to Europe have decreased by 14 ...more  
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