ARC Resources Exceeds Our Production Forecasts
No-moat ARC Resources reported fourth-quarter production volumes of 133,409 barrels of oil equivalent per day compared with 117.6 mboe/d in the year-ago quarter and 129.5 mboe/d in the prior quarter. Fourth-quarter production also exceeded our expectations of 129.4 mboe/d driven by better-than-expected results from the ramp-up of the Dawson Phase 3 facility and new crude wells at Tower. ARC also reaffirmed its 2018 capital budget. The company intends to spend CAD 690 million to sustain its curre...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.