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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 northmanon Sep 02, 2023 11:55pm
320 Views
Post# 35617830

Analyst Ratings

Analyst Ratings

Anyone else a bit sick of analyst ratings? We all like to delude ourselves into thinking that a buy rating and a price target of $24 or whatever means that's what our portfolio is really worth. 

I've been holding VII since 2014 and I saw the price go from 17 to 34, down to $1.30, now back up to an adjusted $23 ish and wouldn't you know it these 'analysts' have pretty much tracked the price of the stock with their recommendations. 
 

As far as I'm concerned they should just have a 12 month recommendation of whatever the current price is +15% or so. I have a finance education but I never got into the business because there are too many factors at play to have any idea what the stock price will be in 12 months. 

Low debt, capital discipline, and solid market dynamics over the next 5 years. If you care what Joe Shmoe at X bank says then you're looking in the wrong places. These guys have no clue what will happen over the next 12 months. 


 

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