11:30:06 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



ARC Resources Ltd (3)
Symbol ARX
Shares Issued 342,434,607
Close 2015-09-03 C$ 18.60
Market Cap C$ 6,369,283,690
Recent Sedar Documents

Globe says TD finds value in gas plays ARC, others

2015-09-04 08:11 ET - In the News

Also In the News (C-AAV) Advantage Oil & Gas Ltd
Also In the News (C-PEY) Peyto Exploration & Development Corp
Also In the News (C-PNE) Pine Cliff Energy Ltd
Also In the News (C-PPY) Painted Pony Petroleum Ltd
Also In the News (C-TOU) Tourmaline Oil Corp

The Globe and Mail reports in its Friday edition the oil sell-off is unduly dragging natural-gas equities with it, creating some value opportunities among some gas-heavy producers. The Globe's Ahmad Hathout writes that while oil prices are down 18 per cent since June 10 in Canadian dollar terms, natural-gas prices are up 12 per cent over that same time period. This, according to TD Securities, has brought with it indiscriminate selling pressure on the energy sector in general. "The disproportionately large sell-off of gas companies relative to ... forward AECO [natural-gas] prices creates an interesting buying opportunity," TD said in a recent note. One example of a natural-gas stock affected by oil's misery is Advantage Oil and Gas Ltd., TD said, noting about 97 per cent of its production is natural gas. The stock has declined about 18 per cent since June. National Bank's Kyle Preston believes that not all natural-gas equities have unduly been punished. Some of the better-positioned gas-weighted names have been trading at "fair-to-rich" valuations for the year, Mr. Preston said. TD recommends ARC Resources, Advantage Oil & Gas, Painted Pony, Peyto Exploration, Pine Cliff and Tourmaline Oil.

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