Earnings
July 20, 2019 - EMA
New! Emera Inc. Q1-2019 Earnings & Price Target .....
July 18, 2019 - BEP.UN
New! Brookfield Renewable Energy Partners - Q1-2019 Earnings, Price Target .....
July 17, 2019 - SKT
Tanger Factory Outlets Inc. Q1-2019 Earnings & Price Target .....
July 14, 2019 - RUS
Russel Metals Inc. Q1-2019 Earnings. Price Target Update .....
July 13, 2019 - GEI
Gibson Energy Inc. Q1-2019 Earnings, Price Target Update .....
July 12, 2019 - SU
Suncor Energy Inc. Q1-2019 Earnings & 2019 Price Target .....
July 11, 2019 - SJR.B
Shaw Communications Inc. Fiscal Q3-2019 Earnings & Price Target Forecast .....
July 9, 2019 - RCI.B
Rogers Communications Inc. Q1-2019 Earnings & Price Target Update .....
Recommendation Changes
SJR.B, GEI, RCI.B, BCE, NXR.UN, more...

Arc Resources Ltd Q1-2019 Earnings - Price Target Update

This is only a sample of the article, please login to view the entire article

ARC Resources Ltd. (ARX-TSX) is a conventional oil and natural gas producer in western Canada operating primarily in the Montney area of northeastern Alberta and northwest BC and the Pembina area in central Alberta. Production is weighted 20% to oil, condensate, NGLs and 80% for natural gas. The Montney Region in Northern Alberta and BC accounts for approximately 70% of production and represents the largest concentration of reserves. The Montney region is recognized as one of the best tight gas plays in North America with both dry and liquids-rich gas as well as a light oil fairway. ARC was an early entrant in the Montney, and pioneered the use of multi-stage fracturing for horizontal completions; a technology that has proved instrumental in unlocking the play. The proceeds from the sale of their Saskatchewan assets have been reinvested in the Montney region. Arc is connected to three major pipelines providing access to North American Markets: TransCanada for Canada & US; Alliance to Chicago, and Spectra to the West Coast of Canada. There are multiple pipelines planned to support the proposed West Coast LNG Project and ARC's primary properties are situated in the heart of the region to be serviced by the pipelines.

Financial

Forecast revenue per boe based is based on receiving $58(US) per bbl, a $1.30 US-Cdn and $2.50 per mcf natural gas. The average price earned would be $29 per boe including a $1 per boe realized commodity hedging gain. This compares to costs of $25.25 per boe leaving $3.75 to fund $4.20 per boe of dividends, resulting in a dividend shortfall of $0.45.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
July 19, 2019
New! Coverage Universe - Weekly Price Change July 12-19, 2019
July 12, 2019
Coverage Universe - Weekly Price Change July 5-12, 2019
July 6, 2019
Coverage Universe - Weekly Price June 28-July 5, 2019
June 28, 2019
Coverage Universe - Weekly Price June 21-28, 2019
June 14, 2019
Coverage Universe - Weekly Price June 7-14, 2019
June 8, 2019
Coverage Universe - Weekly Price Change May 31 - June 7, 2019
June 4, 2019
Mullen Group Ltd, 5.75% Convertible Debenture New Issue
May 31, 2019
Coverage Universe - Weekly Price Change May 24-31, 2019