Panic-Proof Portfolio TOP PICK
Arc Resources Ltd(ARX-T)
16/05/2022 at 08:00pm
Stockchase Research Editor: Michael O'Reilly With over 929 million barrels of probable reserves focused in the prolific Montney and Pembina Cardium properties, we again reiterate ARX as a TOP PICK. Recent reported earnings doubled analyst expectations and the company is generating sizable positive cash flow. It pays a good dividend, backed by a payout ratio under 30% of cash flow. We continue to recommend a stop loss at $15, looking to achieve $21 -- upside potential over 19%. Yield 2.69% (Analysts’ price target is $20.96)
OIL / GAS
The Panic-Proof Portfolio (Stockchase Research)
$17.950