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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 Aug 16, 2024 11:16am
156 Views
Post# 36182625

BMO Notes

BMO Notes

BMO Capital Markets strategist Jeremy McRea lists the major trends for institutional investors buying and domestic energy stocks,

“The top names held by [the 37 high energy focused funds we track] continue to be ARC, Tourmaline, Topaz, Whitecap (with Paramount new to the list vs. last year) … The best-performing names in 2Q24 were NVA (+20%), SCR (+13%), POU (+13%), BIR (+13%), and TPZ (+8%) (vs. the equally weighted average of the sector at -1%). If we look at the funds that had the foresight to buy these names before their run (i.e., in the previous quarter), these funds today are now buying Paramount, PrairieSky, and Peyto … names that saw existing shareholders add to their positions should highlight confidence … Names with high buyer/seller ratios include Paramount, Cardinal, and NuVista … We highlight the names that have seen the most ‘new buyers’. Names to highlight include Spartan, Athabasca, and Peyto … where do Crew shareholders rotate into next?”

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