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 > FoolDumb

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Post by Westcoastenergy on Nov 15, 2024 11:06am

FoolDumb

Speaking of those who have slagged ARX, FoolDumb posted very positive things on the WCP board, which I also own shares in. I questioned him since on this board he seemed to suggest fossil fuels are passe. This is his response for your laugh of the day!!!

"

So some one out there

Was asking me about my preference for this stock instead of his other play,ARX.Well,it's really simple for me to say that this company is trading at a price to earnings ratio of 7 at the moment and your stock is way over a p/e of 10.So that basically shows me on my technical analysis charts that we are trading about $3 per share below where we should be at this point and whitecap resources is a bargain.And your stock,ARX,is trading about $3 per share above where it should be at this point.Also,WCP company stock is less than half the price of your stock,so that shareholders of this company are getting twice as much leverage with this one."

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