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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 Westcoastenergyon Jan 21, 2025 10:53am
182 Views
Post# 36413372

Canaccord increases target price

Canaccord increases target priceCanaccord released a new "price deck" for multiple companies in their coverage universe.  They noted the uncertainty with the tariffs issue, but essentially were bullish on both oil and natural gas stocks.  While not pointing out ARX for discussion, I did note that they increased ARX's target price from $31 to $32.50 with a "buy" designation.
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