Bullboard - Stock Discussion Forum ARC Resources Ltd T.ARX

Alternate Symbol(s): AETUF

Energy Oil & Gas E&P

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

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TSX:ARX - Post Discussion

ARC Resources Ltd > Wildfires could be causing the dip.

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Post by Quintessential1 on Jul 11, 2024 2:50pm

Wildfires could be causing the dip.

Niticed this over at the CVE board. I'm not sure how close CVE is to ARX at Sunrise.

Close enough I imagine.

Cenovus Energy (TSX:CVE) is demobilizing some staff at its Sunrise oil sands project in Northern Alberta because of the wildfire situation
The Sunrise oil sands project, 60 kilometres northeast of the oil sands hub of Fort McMurray, is a significant operation for Cenovus
Despite the demobilization, Cenovus expressed that its operations at Sunrise remain unaffected

https://stockhouse.com/news/the-market-online-news/2024/07/09/cenovus-partially-demobilizes-sunrise-oil-sands-staff-due-to-wildfire

I am sure all is well ARX employs good firebreaks and was unnaffected last year.

Here is to hoping everyone in the patch is unaffected and ok.

GLTA ARX BULLS

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