ARC Resources Ltd T.ARX

CIBC Upgrade

[retiredcf]

In a research report released Thursday, CIBC World Markets analyst Jamie Kubik  made these target adjustments:

• Arc Resources Ltd. ( “outperformer”) to $18 from $16. Average: $18.22.
• Baytex Energy Corp. ( “neutral”) to $5 from $4.25. Average: $4.90.
• Canadian Natural Resources Ltd. ( “outperformer”) to $67 from $62. Average: $65.70.
• Cenovus Energy Inc. ( “outperformer”) to $25 from $24. Average: $20.52.
• Crescent Point Energy Corp. ( “outperformer”) to $10 from $9.75. Average: $9.73.
• Enerplus Corp. ( “outperformer”) to $17 from $16. Average: $15.67.
• Freehold Royalties Ltd. ( “outperformer”) to $17 from $16. Average: $15.93.
• Kelt Exploration Ltd. (“outperformer”) to $7 from $6.50. Average: $6.74.
• Nuvista Energy Ltd. ( “neutral”) to $10 from $7.50. Average: $9.53.
• Peyto Exploration & Development Corp. ( “neutral”) to $13.50 from $13. Average: $13.36.
• Secure Energy Services Inc. ( “outperformer”) to $7.50 from $7. Average: $7.60.
• Tamarack Valley Energy Ltd. ( “outperformer”) to $5.50 from $5. Average: $5.40.
• Vermilion Energy Inc. ( “neutral”) to $19 from $15. Average: $18.72.
• Whitecap Resources Inc. ( “outperformer”) to $11 from $10.50. Average: $11.13.

[1condor]

Too far too fast? will be interesting to see how far it dips before buyers come back in. I suspect buyers will come in around 12.50 and drive it back to new highs.

[topdown99]

Well to be sure , ARX will continue to drop . That's always the question how far and for how long does the slow leak continue . Typical history has been 3 good days followed by 3 miserable weeks .