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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (51748)3/20/2019 8:02:36 PM
From: Goose94Read Replies (1) of 202293
 
ARC Resources (ARX-T) top pick from Michael Sprung on BNN.ca Market Call Monday March 20th @ 1200ET

ARC is one of Canada's leading conventional oil and gas companies with operations in Western Canada. Management is focused on the development of ARC's high-quality, long-life assets. Liquids-rich opportunities in the Montney offer the prospect of higher margins. Liquids now represent over 25 per cent of production. Management has been adept at expense control and managing an effective hedging program. As production has grown, ARC is less sensitive to Western Canadian natural gas prices and management targets that by 2021 less than 40 per cent of revenues will stem from that region. The valuation is compelling at less than book value, with a yield of 6.2 per cent and a dividend well covered by cash flow. ARC has one of the strongest balance sheets amongst its peers.
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