Arc Resources Ltd (ARX.TO)

Oil has not performed well this year, but ARC has done better. Efficient with a great asset base, but shares are choppy. Will try to grown their dividend 10% annually. A good name.

Current valuation very attractive.
Generating lots of cash even with low gas prices.
New project in NE BC will generate more revenues.
Good time to buy for long term holder.
Very profitable business with safe dividend yield.

High-quality company, good management, great balance sheet. Manageable debt levels, great assets. Price of natural gas has been pushed down over the winter, and we'll have to see what happens in the summer. His view on nat gas and oil is fairly constructive. Nat gas is cleaner, and will be used more in future. 

Ultra-high-quality assets. Heavy on natural gas. On free cashflow, not as compelling as other names. He can do better with a Canadian, large-cap oily name. No buy thesis. Not a lot of downside, but not a lot of upside. Not time to buy the lows on natural gas just yet.

This is the time to buy gas names, and this is one of his top ideas. Good job getting egress. Have a ways to wait before it can ship offshore through LNG. Will probably be first to the trough with TOU for contracts with LNG Canada.

In nat gas names, TOU and ARX are the top 2.

Natural gas prices have been clobbered. Prices usually decline this time of year. Surplus of nat gas. Astute management. Potential deals for LNG. Nat gas prices may not hit prior robust levels, but any boost will benefit ARX.

Doesn't forecast commodities. Nat gas is sensitive to weather. There's only so much you can store which are currently full. There was a warm winter in Europe and here, so the expected drawdown didn't happen. She doesn't invest in this space, but ARC a long time ago. Arc is a good producer, well-run.

Natural gas prices have pulled back but you should think long term There is now more infrastructure to get natural gas to Europe, Asia and the U.S. He is looking at Tourmaline which is well priced.

Decent nat gas, with a light oil play since they bought Seven Generations, and production growth. Then you don't have to make the decisions about moving back and forth between oil and natural gas.

On his radar. One of the best in class natural gas producers, but he prefers another one. He's not super bullish nat gas right now, though perhaps there's a long-term opportunity if they build more infrastructure on the west coast.