The Globe and Mail reports in its Thursday edition that Desjardins Securities analyst Chris MacCulloch has reaffirmed his "buy" recommendation for ARC Resources. The Globe's David Leeder writes that Mr. MacCulloch tweaked his share target ahead by 50 cents to $31. Analysts on average target the shares at $27.45. Mr. MacCulloch remains "constructive" for the Canadian energy sector moving into 2024, seeing the commissioning of the TMX pipeline and further advancement of LNG Canada as "two critically important projects that will break the shackles which have held industry back from realizing its full potential." He named ARC a "top pick" for 2024. Mr. MacCulloch says in a note: "After [years] of planning, delay and frustration that frequently shook both the Canadian energy sector and the political system, it is hard to believe that the big day is almost here -- an expansion of egress that will unleash Canadian hydrocarbons on the world. We refer initially, of course, to the TMX project which is tentatively scheduled to come online in 2Q24, with line fill potentially commencing early in the new year. This will provide a conduit for Canadian heavy oil producers to access U.S. West Coast and Asian refining markets."