Arc Resources Ltd | StockChase
517
Arc Resources Ltd (ARX-T)

Last Price Recorded: $12.8400 on 2018-02-22

ON STOCKCHASE SINCE Nov 2000

oil/gas
517
Arc Resources Ltd (ARX-T)

Last Price Recorded: $12.8400 on 2018-02-22

ON STOCKCHASE SINCE Nov 2000

oil/gas

Arc Resources Ltd


Signal Opinion Expert
BUY
Arc Resources Ltd(ARX-T) 

February 22, 2018

[Is the true value of the natural gas deposits included in their book value? Also, the outstanding shares keep rising, so wouldn't that dilute current shareholders?]The value of the properties they own are included in book value. It's not a market value but an historical cost value. Correct, it becomes dilutive, when there are more shares outstanding the book value per share declines. It becomes dilutive if they back stock at a premium. He likes Arc and has made it a top pick in the past. It's a low-cost gas producer that had a good Q4. A secure dividend and well-run. 4.7% yield  

oil/gas

[Is the true value of the natural gas deposits included in their book value? Also, the outstanding shares keep rising, so wouldn't that dilute current shareholders?]The value of the properties they own are included in book value. It's not a market value but an historical cost value. Correct, it becomes dilutive, when there are more shares outstanding the book value per share declines. It becomes dilutive if they back stock at a premium. He likes Arc and has made it a top pick in the past. It's a low-cost gas producer that had a good Q4. A secure dividend and well-run. 4.7% yield  

oil/gas
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$12.840
Owned Owned
No

PAST TOP PICK
Arc Resources Ltd(ARX-T) 

February 16, 2018

(A Top Pick Feb. 10/17 Down 36%) There has been a lot of pain in this space and he feels it has been punished more than it should. Natural gas prices have taken a severe hit and there has been problems getting gas to market. However, 26% of their revenues come from natural gas liquids and only 5% of their production is in Alberta. They have been able to replace 300% of their reserves. A well-run company, but in a tough sector. His advice is to hold and he feels the dividend is safe. Yield 4.7%.

oil/gas

(A Top Pick Feb. 10/17 Down 36%) There has been a lot of pain in this space and he feels it has been punished more than it should. Natural gas prices have taken a severe hit and there has been problems getting gas to market. However, 26% of their revenues come from natural gas liquids and only 5% of their production is in Alberta. They have been able to replace 300% of their reserves. A well-run company, but in a tough sector. His advice is to hold and he feels the dividend is safe. Yield 4.7%.

oil/gas
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$12.840
Owned Owned
Yes

WATCH
Arc Resources Ltd(ARX-T) 

February 12, 2018

They continue to grow their production.  29% liquids.  The balance sheet is in good shape. 

oil/gas

They continue to grow their production.  29% liquids.  The balance sheet is in good shape. 

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$12.890
Owned Owned
Unknown

COMMENT
Arc Resources Ltd(ARX-T) 

February 9, 2018

Effectively a liquid producer in drag. It is a name with a management team well regarded. It doesn’t have the beta that he wants. Very good well productivity. Very good quality in their acreage. Probably not one bad thing you can say about the company.  

oil/gas

Effectively a liquid producer in drag. It is a name with a management team well regarded. It doesn’t have the beta that he wants. Very good well productivity. Very good quality in their acreage. Probably not one bad thing you can say about the company.  

oil/gas
Eric Nuttall

Partner & Senior Portfolio Manager, Ninepoint Partners...

PricePrice
$12.610
Owned Owned
No

WAIT
Arc Resources Ltd(ARX-T) 

February 5, 2018

Gas has been weak so they did badly.  She has been wanting to add this because they are a solid name at a 52 week low.  Her clients are more focused on short and medium term gains, however.  If we get through the next month or two without a decline in gas prices, it could be time to buy.

oil/gas

Gas has been weak so they did badly.  She has been wanting to add this because they are a solid name at a 52 week low.  Her clients are more focused on short and medium term gains, however.  If we get through the next month or two without a decline in gas prices, it could be time to buy.

oil/gas
Joanne A. Hruska, CFA

Market Strategist, Integral Wealth Secu...

PricePrice
$13.010
Owned Owned
No

PARTIAL BUY
Arc Resources Ltd(ARX-T) 

January 26, 2018

The effective payout ratio is 142% for 2017, which is something not sustainable. However, their balance sheet isn't bad, trading at 2.2X 2019 debt to cash flow. Valuation has improved quite a bit. It’s a high, high quality company that has just been caught in the middle of the storm with ECO prices having dropped the way they have. He models 10% production growth over the next few years. They have great assets and are very capital efficient. In a taxable account, it’s something you could be nibbling on. Dividend yield of 4.3%.

oil/gas

The effective payout ratio is 142% for 2017, which is something not sustainable. However, their balance sheet isn't bad, trading at 2.2X 2019 debt to cash flow. Valuation has improved quite a bit. It’s a high, high quality company that has just been caught in the middle of the storm with ECO prices having dropped the way they have. He models 10% production growth over the next few years. They have great assets and are very capital efficient. In a taxable account, it’s something you could be nibbling on. Dividend yield of 4.3%.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$14.320
Owned Owned
Unknown

TOP PICK
Arc Resources Ltd(ARX-T) 

January 23, 2018

This has been punished recently and it has pulled back. Yet it has some of the highest quality, long life assets amongst the choices out there. It also has an extremely strong balance sheet. Debt to cash flow is under 1.5X, significantly below its peers. Has a good growth profile going forward. Dividend yield of 4.5%. (Analysts’ price target is $20.)

oil/gas

This has been punished recently and it has pulled back. Yet it has some of the highest quality, long life assets amongst the choices out there. It also has an extremely strong balance sheet. Debt to cash flow is under 1.5X, significantly below its peers. Has a good growth profile going forward. Dividend yield of 4.5%. (Analysts’ price target is $20.)

oil/gas
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$13.500
Owned Owned
Yes

DON'T BUY
Arc Resources Ltd(ARX-T) 

January 17, 2018

One of the best houses in a bad neighbourhood. A very high quality natural gas operator in Western Canada, in the Montney. They are producing in Alberta and British Columbia, were natural gas prices are nowhere near what they are getting for New York Mercantile gas. There is an excess supply of natural gas being produced in Western Canada. He’s generally vacated the gas producer space for the time being. He wouldn't be a buyer.

oil/gas

One of the best houses in a bad neighbourhood. A very high quality natural gas operator in Western Canada, in the Montney. They are producing in Alberta and British Columbia, were natural gas prices are nowhere near what they are getting for New York Mercantile gas. There is an excess supply of natural gas being produced in Western Canada. He’s generally vacated the gas producer space for the time being. He wouldn't be a buyer.

oil/gas
Brian Madden

Senior VP & Portfolio Manager, Goodreid Investment ...

PricePrice
$13.520
Owned Owned
No

PAST TOP PICK
Arc Resources Ltd(ARX-T) 

December 28, 2017

(A Top Pick Feb 10/17, Down 26%)  He tax loss sold it and then bought it back yesterday.  It is a good energy company with an excellent balance sheet and excellent properties.  No one cared about energy this year and it was out of favour.  Canadian Natural Gas prices were quite poor this year.  The worst is behind it, however.

oil/gas

(A Top Pick Feb 10/17, Down 26%)  He tax loss sold it and then bought it back yesterday.  It is a good energy company with an excellent balance sheet and excellent properties.  No one cared about energy this year and it was out of favour.  Canadian Natural Gas prices were quite poor this year.  The worst is behind it, however.

oil/gas
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$14.960
Owned Owned
Yes

COMMENT
Arc Resources Ltd(ARX-T) 

December 20, 2017

In terms of who is the best in consistency and track record, it is probably this company. It’s not just natural gas price in a company like this. They have much more exposure to getting the oil price as well as the natural gas price. However, gas is so low he had hoped he could get these things at a decent valuation. Because the company has done so well, it still has a premium valuation. He thinks he has a more consistent story out of Cenovus (CVE-T). (See Top Picks.)

oil/gas

In terms of who is the best in consistency and track record, it is probably this company. It’s not just natural gas price in a company like this. They have much more exposure to getting the oil price as well as the natural gas price. However, gas is so low he had hoped he could get these things at a decent valuation. Because the company has done so well, it still has a premium valuation. He thinks he has a more consistent story out of Cenovus (CVE-T). (See Top Picks.)

oil/gas
Bill Harris, CFA

Portfolio Manager, Avenue Investment Ma...

PricePrice
$14.360
Owned Owned
No

COMMENT
Arc Resources Ltd(ARX-T) 

December 15, 2017

This has just fallen apart with ECO prices, with Henry hub falling. The markets have been so good that portfolio managers are just taking losers and dumping them as tax loss selling targets. Thinks there will be a pop between now and the 3rd week of January. The bad news is that the dividend has a 142% effective payout ratio, so it is not safe. The balance sheet is not ironclad.

oil/gas

This has just fallen apart with ECO prices, with Henry hub falling. The markets have been so good that portfolio managers are just taking losers and dumping them as tax loss selling targets. Thinks there will be a pop between now and the 3rd week of January. The bad news is that the dividend has a 142% effective payout ratio, so it is not safe. The balance sheet is not ironclad.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$13.880
Owned Owned
Unknown

PAST TOP PICK
Arc Resources Ltd(ARX-T) 

November 22, 2017

(A Top Pick Dec 28/16. Down 30%.) In hindsight, this had been a mistake. The company has an excellent balance sheet, great management, is mostly natural gas in the Montney area. He was optimistic on the price of natural gas. His mistake was buying a Canadian natural gas stock rather than a US natural gas stock. The Henry hub price for natural gas has gone up significantly since last year. Unfortunately, most of the Canadian natural gas does not get priced at Henry hub, they get AECO which is priced off of Alberta, and that price has collapsed.

oil/gas

(A Top Pick Dec 28/16. Down 30%.) In hindsight, this had been a mistake. The company has an excellent balance sheet, great management, is mostly natural gas in the Montney area. He was optimistic on the price of natural gas. His mistake was buying a Canadian natural gas stock rather than a US natural gas stock. The Henry hub price for natural gas has gone up significantly since last year. Unfortunately, most of the Canadian natural gas does not get priced at Henry hub, they get AECO which is priced off of Alberta, and that price has collapsed.

oil/gas
Norman Levine

Managing Director, Portfolio Management...

PricePrice
$15.770
Owned Owned
Yes

COMMENT
Arc Resources Ltd(ARX-T) 

November 16, 2017

A well run company. The problem with this and a lot of the Western Canadian E&P’s is that the biggest part of production is natural gas coming out of Western Canada. At times in September, that production was basically worthless. The oil and condensates they are producing is worth quite a bit of money, but gas is almost being given away. The Western Canadian gas market continues to be depressed, and will be for a number of years.

oil/gas

A well run company. The problem with this and a lot of the Western Canadian E&P’s is that the biggest part of production is natural gas coming out of Western Canada. At times in September, that production was basically worthless. The oil and condensates they are producing is worth quite a bit of money, but gas is almost being given away. The Western Canadian gas market continues to be depressed, and will be for a number of years.

oil/gas
Alex Ruus

Portfolio Manager, Arrow Capital Manage...

PricePrice
$16.010
Owned Owned
Unknown

HOLD
Arc Resources Ltd(ARX-T) 

November 6, 2017

Natural Gas.  He does not have big exposure to the natural gas space.  He thinks it will be an increasingly important way going forward to replace coal.  There are huge, huge supplies.  It will probably range trade for years.  He does not see a huge upside.  He would hold now but if over the winter we get a cold spell and it shoots up gas prices, then it would be a time to liquidate.  Oil will trade at a discount to the North American market due to a lack of pipeline capacity.

oil/gas

Natural Gas.  He does not have big exposure to the natural gas space.  He thinks it will be an increasingly important way going forward to replace coal.  There are huge, huge supplies.  It will probably range trade for years.  He does not see a huge upside.  He would hold now but if over the winter we get a cold spell and it shoots up gas prices, then it would be a time to liquidate.  Oil will trade at a discount to the North American market due to a lack of pipeline capacity.

oil/gas
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$17.280
Owned Owned
Unknown

COMMENT
Arc Resources Ltd(ARX-T) 

November 3, 2017

Thinks LNG terminals ultimately get built in Western Canada, but not very excited about natural gas prices in the near term. This company is good and its balance sheet is good for 2018. Further into 2019, the balance sheet deteriorates with natural gas prices being where they are. Not cheap relative to its peers, trading at around 9X, whereas its peers are trading at around 7X. Doesn't see a whole lot of growth. Nice dividend, but is at a 165% payout ratio.

oil/gas

Thinks LNG terminals ultimately get built in Western Canada, but not very excited about natural gas prices in the near term. This company is good and its balance sheet is good for 2018. Further into 2019, the balance sheet deteriorates with natural gas prices being where they are. Not cheap relative to its peers, trading at around 9X, whereas its peers are trading at around 7X. Doesn't see a whole lot of growth. Nice dividend, but is at a 165% payout ratio.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$16.610
Owned Owned
Yes

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