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ARC Resources Ltd T.ARX

Alternate Symbol(s):  AETUF

ARC Resources Ltd. is a Canadian energy company. It is focused on the exploration, development, and production of unconventional natural gas, condensate, natural gas liquids (NGLs), and crude oil in western Canada. Its operations are focused in the Montney region in Alberta and northeast British Columbia. Its operations in Alberta are located near Grande Prairie and the region includes Kakwa and Ante Creek. Kakwa is a condensate-rich and high-deliverability natural gas play with top-tier development opportunities. Its operations in northeast British Columbia are located near Dawson Creek and the region includes Greater Dawson, Sunrise, Attachie, and Septimus and Sundown. The Greater Dawson operating area includes Dawson Phases I, II, III and IV and Parkland. The Attachie is a condensate-rich, natural gas play primed for large-scale development. Sunrise is a dry natural gas play with a low-cost structure, well deliverability and direct connectivity to liquefied natural gas Canada.


TSX:ARX - Post by User

Post by retiredcfon Mar 01, 2023 7:28am
188 Views
Post# 35311753

RBC Global Energy Best Ideas

RBC Global Energy Best Ideas

RBC Dominion Securities analyst Greg Pardy added Suncor Energy Inc.  to the firm’s “Global Energy Best Ideas” list on Wednesday.

The list consists of 24 companies that highlight the firm’s “highest conviction names across the global energy sector at the time of their addition into the list.”

“We believe that Suncor has thread the needle with its hiring of Rich Kruger as its new President & CEO while retaining interim-CEO Kris Smith as its new CFO,” Mr. Pardy said. “We anticipate that Suncor will demonstrate improving operational performance over the coming months which should support relative market outperformance.”

Mr. Pardy has an “outperform” rating and $55 target for Suncor, which was the only addition of the month, replacing HF Sinclair Corp. (DINO-N). The average is $53.89.

Other TSX-listed stocks remaining on the list are:

  • Arc Resources Ltd.  with an “outperform” rating and $26 target. Average: $23.53.
  • Canadian Natural Resources Ltd. with an “outperform” rating and $89 target. Average: $91.90.
  • Enerplus Corp.  with an “outperform” rating and US$21 target. Average: $24.27 (Canadian).
  • Pembina Pipeline Corp. with an “outperform” rating and $58 target. Average: $52.19.
  • Superior Plus Corp.  with an “outperform” rating and $15 target. Average: $12.82.
  • Tamarack Valley Energy Ltd.  with an “outperform” rating and $7 target. Average: $6.96.
  • Topaz Energy Corp.  with an “outperform” rating and $28 target. Average: $28.63.
  • Tourmaline Oil Corp.  with an “outperform” rating and $89 target. Average: $92.53.

“In February, the RBC Global Energy Best Ideas List was down 2.6 per cent compared to the iShares S&P Global Energy Sector ETF (IXC) down 4.9 per cent and a hybrid benchmark (75-per-cent IXC, 25-per-cent JXI – iShares Global Utilities ETF) down 4.9 per cent,” the firm said. “Since its inception in February 2013, the RBC Global Energy Best Ideas List is up 133.5 per cent compared to the S&P Global Energy Sector ETF up 24.6 per cent.”

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