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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ARC Resources Ltd > OIL and NG GETTING BULLISH TAILWINDS

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Post by Quintessential1 on Aug 21, 2024 11:06am

OIL and NG GETTING BULLISH TAILWINDS

LNG Canada may be starting earlier.

https://boereport.com/2024/08/19/analyst-says-lng-canada-likely-to-start-exports-before-year-end/

EIA reported a larger draw than expected...maybe oil will bounce here?

"U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.6 million barrels from the previous week."

GLTA ARX BULLS

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