Bullboard - Stock Discussion Forum 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... see more

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TSX:ARX - Post Discussion

ARC Resources Ltd > Target Raised

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Post by retiredcf on Jul 13, 2023 8:17am

Target Raised

ARC Resources Ltd : BMO cuts to market perform from outperform but raises target price to C$20 from C$19

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Comment by retiredcf on Jul 13, 2023 10:28am

“ARX shares have outperformed following the sanctioning of its Attachie project, and the shares have achieved our target price. We expect natural gas prices to remain relatively weak over the next 18 months, especially in Western Canada. Against this backdrop, we see limited share price upside over the next 12 months. That said, we believe ARX shares remain attractively valued for those investors ...more

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Comment by Sunsurfer12 on Jul 13, 2023 4:49pm

thought BMO was more intelligent..since when does a lower AECO hub price impact materially on ARC's realized price given their market diversification activity? Especially given their reprofiled hedge program?

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ARC Resources Ltd