ARC Resources Ltd T.ARX

Attachie

[ReitsRus]

When is Attachie coming online? Q3 coming out in a couple Weeks hopefully we can get a bump in the Divy, I'm good with Buybacks but would like to see some extra cash. Sold all ARX at $25.10 and repurchased 23.74, 23.10 and 22.90, was able to pick up another REIT and add to one, 643 days til partial retirement.

[robert41]

Debt and buybacks first no more divi yet wait until oil is stable if that is possible..oil could be nasty on Monday. Attachie early 2025

[Trapped]

Gotta disagree. Dividend increases are an integral part of their shareholder return policy and we've gone all of 2024 without an announcement. I've said this before (and was wrong) but I feel it's time. They can easily afford a modest bump from $0.17 to $0.20 per quarter while maintaining measured buybacks and incremental debt reduction over time. And with Attachie very close to

[robert41]

Going from .17 to .20 is so small it's not worthy of discussion unless you are sitting on a pile of shares from 2020 2021 that u bought dirt cheap the I get it works for that investor. A reduction in the float and financial security should be goal number one in a business that has crazy volatility like o and g.

[Trapped]

I am that investor and I feel a modest increase will be a well-received bridge to larger yields once operating conditions allow. The market has been patient but I believe it's time. Just my opinion and I do see and respect your point. 

[Quintessential1]

Yeah me too Trapped!  Got a bunch bought a while ago and want a raise. Yearly increases! GLTY and ALL ARX BULLS

[Westcoastenergy]

I agree Trapped.  Will be very disappointing if no dividend increase is announced.  Well managed companies (like CNQ) find a way to increase the dividend while continuing to manage costs and grow the company.  I doubt it will lead me to sell any but it will be disappointing  nonetheless.  

[Trapped]

Honestly I'll be dang surprised if it doesn't happen along with Q3 earnings next week. If I'm wrong, I'm wrong - it won't be the first or last time! Feel free to call me a moron if I've lost the plot! Cheers and GLTA ARX Bulls!

[robert41]

Well I'm alone on this one I guess. If it doesnt happen end of Q3 or 4 it allows for something more substantial q1 2025 when they have a clear pic of oil and attachie close to starting. Anyway you win either way if oil and gas are healthy a little lower float and debt is a good thing. My average is now 19 bucks after I replaced my crew with Arx so I'm not in super low like you guys.

[Quintessential1]

Agreed that we will win either way and you might be right about a more substantial share price increase if they buy back more shares, pay down debt and leave the divi flat.  But that could be said constantly for a very long time so how do certain investors get their returns or increased returns?  Answer: They have to sell shares and I'm not sure that helps the stock in the long run