Panic-Proof PortfolioStill finding stuff from the past two weeks. GLTA
TOP PICK
Arc Resources Ltd(ARX-T)
16/02/2023
Stockchase Research Editor: Michael O'Reilly
Recently reported earnings for ARX set all-time records for average production and free funds cash flow. We like that cash reserves are growing while they aggressively repay debt and buy back shares, while supporting a 36% ROE. The dividend is backed by payout ratio under 70% of free cash flow. It announced plans to sell natural gas under long term contract that will attract LNG prices from Japan and Korea. We recommend a stop-loss at $13, looking to achieve $24 - upside over 48%. Yield 3.1%
(Analysts’ price target is $23.78)
Oil / Gas
The Panic-Proof Portfolio (Stockchase Research)
$15.690
Unknown