Earnings
September 18, 2021 - SRV.UN
New! SIR Royalty Income Fund-Q2-2021 Earnings, Price Target Update .....
September 15, 2021 - KEG.UN
The Key Royalties Income Fund - Q2-2021 Earnings, Price Target Update .....
September 14, 2021 - BPF.UN
Boston Pizza Royalties Income Fund - Q2-2021 Earnings, Price Target Update .....
September 14, 2021 - AW.UN
A&W Revenue Royalties Income Fund - Q2-2021 Earninngs, Price Target Update .....
September 12, 2021 - ARX
Arc Resources Ltd Q2-2021 Earnings, Price Target Update .....
September 10, 2021 - IMO
Imperial Oil Ltd - Q2-2021 Earnings, Price Target Update .....
September 9, 2021 - SU
Suncor Energy Inc. Q2-2021 Earnings, Price Target Update .....
September 8, 2021 - CNQ
Canadian Natural Resources Ltd, Q2-2021 Earnings, Price Target Update .....
Recommendation Changes
PZA, CNQ, TOU, SU, BEP.UN, more...

Arc Resources Ltd Q2-2021 Earnings, Price Target Update

This is only a sample of the article, please login to view the entire article

Arc Resources Ltd (ARX-TSX) and Seven Generations Energy (VII-TSX) merged effective Apr-6-2021, increasing annual production by 95%. Combined production is forecast at 340,000 boe per day for 2021, comprised of 40% oil and liquids, and 60% natural gas. This is an increase from 22% for oil and liquids and decrease from 78% natural gas and Q4-2020 production of 169,468 boe per day. Reserves are forecast at 2.7B boe as at Dec-31-2021 up from 929M boe as at Dec-31-2020. The combined company will become the largest condensate producer, third-largest natural gas producer, and sixth-largest upstream energy company in Canada. The Montney Region in Northern Alberta and BC accounts for 70% of production and represents the largest concentration of reserves. The Montney region is recognized as one of the best tight gas plays in North America with both dry and liquids-rich gas as well as a light oil fairway. ARC was an early entrant in the Montney, and pioneered the use of multi-stage fracturing for horizontal completions; a technology that has proved instrumental in unlocking the play. Arc is connected to three major pipelines providing access to North American Markets: TransCanada for Canada & US; and Alliance to Chicago. There are multiple pipelines planned to support the proposed West Coast LNG Project and ARC's primary properties are situated in the heart of the region to be serviced by the pipelines.

Seven Generations reserves were1.6B boe as at Dec-31-2020 comprised of condensate and liquids-rich natural gas from the Kakwa River Project located in the Montney region in Northern Alberta. Production was comprised of 75% oil and liquids and 25% natural gas. Total shares outstanding at Dec-31-2020 were 331M, total debt was $2B compared to equity at $5.2B.

Arc Resources Ltd reserves at Dec-31-2020 were 929M boe comprised of 35% condensate, 20% natural gas liquids and 45% natural gas. Reserves are in the Montney area of northeastern Alberta and northwest BC and the Pembina area in central Alberta.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
September 17, 2021
New! Coverage Universe - Weekly Price Change: Sept 10-17, 2021
September 16, 2021
New! Chorus Aviation Inc. 5.75% Debentures New Issue
September 15, 2021
New! Emera Inc. 4.6% Perpetual Preferred Share New Issue
September 10, 2021
Coverage Universe - Weekly Price Change: Sept 3-10, 2021
September 3, 2021
Coverage Universe - Weekly Price Change: Aug 27-Sept 3, 2021
August 28, 2021
Coverage Universe - Weekly Price Change: Aug 20-27, 2021
August 25, 2021
Firm Capital Mortgage Investment Corp. 5% Convertible Debenture New Issue
August 21, 2021
Coverage Universe - Weekly Price Change: Aug 13-20, 2021