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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

Comment by retiredcfon Jul 13, 2023 10:28am
204 Views
Post# 35539201

RE:Target Raised

RE:Target Raised“ARX shares have outperformed following the sanctioning of its Attachie project, and the shares have achieved our target price. We expect natural gas prices to remain relatively weak over the next 18 months, especially in Western Canada. Against this backdrop, we see limited share price upside over the next 12 months. That said, we believe ARX shares remain attractively valued for those investors prepared to look beyond the near-term weakness,” said BMO analyst Randy Ollenberger.
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