ARC Resources Ltd T.ARX

Alternate Symbol(s): AETUF

Energy Oil & Gas E&P

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.

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ARC Resources Ltd

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Post by retiredcfon Apr 15, 2024 5:53am

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Post# 35988778

Jefferies

Jefferies analyst Lloyd Byrne raised his target prices for a group of Canadian energy stocks on Friday. His changes include:

ARC Resources Ltd. ( “buy”) to $30 from $28. The average on the Street is $27.38.
Canadian Natural Resources Ltd. ( “hold”) to $110 from $86. Average: $106.97.
Cenovus Energy Inc. ( “buy”) to $36 from $28. Average: $31.86.
MEG Energy Corp. ( “hold”) to $35 from $28. Average: $32.77.
Strathcona Resources Ltd. ( “hold”) to $36 from $26. Average: $34.50.
Suncor Energy Inc. ( “hold”) to $53 from $50. Average: $52.69.
Tourmaline Oil Corp. ( “buy”) to $75 from $70. Average: $76.63.