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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (67687)	10/11/2019 8:11:58 PM
From: Goose94	Read Replies (1) \| Respond to of 202283

ARC Resources (ARX-T) top pick from Eric Nuttall on BNN.ca Market Call Friday Oct 11th @ 1200ET There was a time not long ago when ARC was considered the gold standard of Canadian energy stocks (A-plus management team, strong balance sheet, superior asset quality). Yielding 11 per cent (sustainable at $50 WTI and $2.50 NYMEX gas) and trading at only a 9-per-cent premium to its PDP reserve value (its liquidation value), the stock has clearly lost its entire premium multiple. Given the depth of its asset base and ability to internally fund growth, we see the company being able to grow 2021 cash flow by 20 per cent and still be able to pay an 11-per-cent dividend while keeping its balance sheet rock solid (1.1 times debt to cash flow at $55 WTI).