Arc Resources Surges as Shell Bets Big on Canadian Gas

Been looking at ARC after this move and what’s interesting is it hasn’t really been a clean performer recently, so Shell stepping in feels less about ARC itself and more about a bigger bet on Canadian gas and LNG demand. Feels like one of those situations where big money is positioning early before the narrative fully shifts, but at the same time it raises the question is this actually a re rating starting or just a cycle trade catching a laggard at the right time? I’m leaning more towards this being a macro energy play than a pure company story, but curious how others are reading it.