TSX:TOU - Post Discussion
Post by
retiredcf on Apr 15, 2024 2:07pm
James Telfser
Last stock in the clip. While he made ARX a top pick, at the end of his narrative, he stated that there are 3 energy companies that you want to hold for the long term: CNQ, ARX and TOU. GLTA https://www.bnnbloomberg.ca/video/james-telfser-s-top-picks~2904183 Arc Resources (ARX TSX) We recently added ARX to client portfolios for core exposure to natural gas and liquids. We believe the setup for LNG is attractive, but we were most attracted to the expected total shareholder returns. ARX has a very conservative, credible management team which increases the probability of recognizing the significant free cash flow growth we are projecting in the coming years (a triple to $4 per share). The current free cash flow yield is around 10 per cent and the stock is trading at a discount to senior E&P peers, a discount that we believe will slowly disappear.
Be the first to comment on this post