Latest news with #ARCResources
Globe and Mail
2 days ago
- Business
- Globe and Mail
Canadian Analyst Coverage Updates: June 30th, 2025
Analyst Updates (Canada) Advantage Energy Ltd. (AAV:CA) had its price target raised to $12.00 by RBC Capital Markets, with the firm maintaining a Sector Perform rating. Air Canada (AC:CA) received a target price update to $25.00 from Citigroup, which reaffirmed its Buy rating. Air Canada (AC:CA) also saw Morningstar maintain an Underperform rating with a target of $17.50. ARC Resources (ARX:CA) had its target price updated to $34.00 by RBC Capital, which kept a Buy rating. Avino Silver & Gold (ASM:CA) received a target update to $3.50 from Roth MKM, maintaining a Hold rating. Birchcliff Energy Ltd. (BIR:CA) had its price target raised to $8.00 by RBC Capital Markets, maintaining an Outperform rating. Freehold Royalties (FRU:CA) had its target updated to $17.00 by RBC Capital, with a continued Buy rating. Guanajuato Silver Company (GSVR:CA) received a target update from Roth MKM to $0.45, reiterating a Buy rating. Headwater Exploration (HWX:CA) had its target updated to $9.00 by RBC Capital, keeping a Hold rating. Hudbay Minerals (HBM:CA) received a new target of $17.00 from Raymond James, maintaining a Buy rating. Kelt Exploration Ltd. (KEL:CA) saw its target price raised to $8.50 by RBC Capital Markets, with an Outperform rating. Kiwetinohk Energy Corp. (KEC:CA) had its target increased to $21.00 by RBC Capital Markets, with an Outperform rating maintained. MAG Silver (MAG:CA) received a price target update to $21.00 from Roth MKM, maintaining a Hold rating. NuVista Energy Ltd. (NVA:CA) had its target raised to $16.00 by RBC Capital Markets, continuing with a Sector Perform rating. Paramount Resources (POU:CA) received a target update from RBC Capital to $23.00, holding a Hold rating. Peyto Exploration & Dev (PEY:CA) had its target revised to $21.00 by RBC Capital, maintaining a Hold rating. PrairieSky Royalty (PSK:CA) saw its target increased to $35.00 by RBC Capital, maintaining a Buy rating. Rogers Communications Inc. (RCI-B:CA) received a target update to $53.00 from National Bank, which reiterated its Outperform rating. Silvercorp Metals (SVM:CA) had its target raised to $6.75 by Roth MKM, maintaining a Buy rating. Strathcona Resources Ltd. (SCR:CA) received a new target of $42.00 from National Bank, with an Outperform rating. Tamarack Valley Energy Ltd. (TVE:CA) had its price target raised to $6.00 by RBC Capital Markets, keeping an Outperform rating. TC Energy Corporation (TRP:CA) saw Scotiabank maintain an Outperform rating with a price target of $77.00. Tecsys Inc. (TCS:CA) had its price target lowered to $47.00 by Ventum Financial, while maintaining a Buy rating. Telus (T:CA) received a price target update to $22.00 from Bank of America Securities, keeping a Hold rating. Topaz Energy Corp (TPZ:CA) had its target updated to $32.00 by RBC Capital, reaffirming a Buy rating. Tourmaline Oil (TOU:CA) received a new target of $78.00 from RBC Capital, maintaining its Buy stance. Vizsla Royalties Corp. (VROY:CA) had its Outperform rating maintained by CIBC World Markets, with a target price of $4.00. Whitecap Resources (WCP:CA) saw its target price updated to $14.00 by RBC Capital, which kept a Buy rating.
Yahoo
17-06-2025
- Business
- Yahoo
ARC RESOURCES LTD. ANNOUNCES THE CLOSING OF ITS OFFERING OF SENIOR UNSECURED NOTES
CALGARY, AB, June 17, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC" or the "Company") announced today it has closed its offering of C$1.0 billion aggregate principal amount of senior unsecured notes (the "Offering"), consisting of C$550 million aggregate principal amount of 3.577% Senior Unsecured Notes, Series 3 due 2028 (the "Series 3 Notes") and C$450 million aggregate principal amount of 4.409% Senior Unsecured Notes, Series 4 due 2032 (the "Series 4 Notes", together with the Series 3 Notes, the "Notes"). DBRS Morningstar has assigned a rating of BBB with a Stable trend to the Notes. ARC intends to use the net proceeds of the Offering, together with the previously announced committed term loan and drawings under ARC's existing credit facilities, to purchase the Kakwa Assets from Strathcona Resources Ltd. pursuant to the definitive agreement announced on May 14, 2025 (the "Transaction"), and the balance remaining, if any, will be used for general corporate purposes. The Transaction is expected to close in early July of 2025. The Notes are direct, senior unsecured obligations of ARC and rank equally and pari passu with all other existing and future unsecured and unsubordinated indebtedness of the Company. The Notes were offered through a syndicate of agents co-led by RBC Capital Markets, CIBC Capital Markets, TD Securities, and Scotiabank. Credit Ratings Credit ratings are intended to provide investors with an independent measure of credit quality of an issue of securities. Credit ratings are not recommendations to purchase, hold, or sell securities and do not address the market price or suitability of a specific security for a particular investor. There is no assurance that any rating will remain in effect for any given period of time or that any rating will not be revised or withdrawn entirely by a rating agency in the future if, in its judgment, circumstances so warrant. Forward-looking Information and Statements This news release contains forward-looking information as defined under applicable securities legislation. Forward-looking information involves substantial known and unknown risks and uncertainties. The use of any of the words "plan", "expect", "intend", "believe", "should", "anticipate", or other similar words, or statements that certain events or conditions "may" or "will" occur are intended to identify forward-looking information. Forward-looking information reflects the Company's expectations, estimates and predictions only. Actual events or results may differ materially. In particular, this news release contains forward-looking information with respect to the intended use of proceeds of the Offering and the expected timing for closing of the Transaction. There can be no assurance that the plans, intentions, or expectations upon which forward-looking information is based will occur. With respect to forward-looking information contained in this news release, ARC has made various assumptions including that: the Transaction will close within the timelines contemplated; any regulatory approval required will be obtained within expected timelines; the conditions precedent to the agreement for the Transaction will be met; and counterparties to definitive agreements, including for the Transaction, will comply with their contractual obligations. Although the forward-looking information contained in this news release is based upon assumptions which management believes to be reasonable, ARC cannot assure investors that actual results will be consistent with this forward-looking information. This forward-looking information is subject to numerous risks and uncertainties including: potential delays with respect to the closing of the Transaction and changes to laws and regulations. This forward-looking information is made as of the date of this news release and ARC disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results, or otherwise, other than as required by applicable securities laws. About ARC ARC Resources Ltd. is a pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations. ARC's investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business. ARC's common shares trade on the Toronto Stock Exchange under the symbol ARX. Please visit ARC's website at or contact Investor Relations: E-mail: IR@ (403) 503-8600Fax: (403) 509-6427Toll Free: 1-888-272-4900ARC Resources 1500, 308 - 4 Avenue SWCalgary, AB T2P 0H7 SOURCE ARC Resources Ltd. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
16-06-2025
- Business
- Globe and Mail
ARC RESOURCES LTD. CONFIRMS QUARTERLY DIVIDEND OF $0.19 PER SHARE FOR JULY 15, 2025
CALGARY, AB , June 16, 2025 /CNW/ - (TSX: ARX) ARC Resources Ltd. ("ARC") confirms a quarterly eligible dividend amount of $0.19 per share for July 15, 2025 to shareholders of record on June 30, 2025 . At June 16, 2025 , the trailing 12-month payments to shareholders total $0.72 per share. About ARC ARC Resources Ltd. is the largest pure-play Montney producer and one of Canada's largest dividend-paying energy companies, featuring low-cost operations. ARC's investment-grade credit profile is supported by commodity and geographic diversity and robust risk management practices around all aspects of the business. ARC's common shares trade on the Toronto Stock Exchange under the symbol ARX. Please visit ARC's website at or contact Investor Relations: E-mail: IR@ Telephone: (403) 503-8600 Fax: (403) 509-6427 Toll Free: 1-888-272-4900 ARC Resources Ltd. Suite 1500, 308 - 4 Avenue SW Calgary, AB T2P 0H7 SOURCE ARC Resources Ltd.
Bloomberg
15-05-2025
- Business
- Bloomberg
Strathcona Shifts to Pure Heavy Oil Producer With $2 Billion Montney Sale
Canadian oil tycoon Adam Waterous's Strathcona Resources Ltd. agreed to sell its assets in the Montney shale formation in western Canada in a shift that makes it a pure heavy oil producer. Strathcona is disposing of gas-focused operations in three separate transactions worth C$2.8 billion ($2 billion). The largest will see the company sell its Kakwa asset to ARC Resources Ltd. for C$1.7 billion in cash and assumed lease obligations.
Business Insider
13-05-2025
- Business
- Business Insider
RBC Capital Keeps Their Buy Rating on ARC Resources (AETUF)
RBC Capital analyst Michael Harvey maintained a Buy rating on ARC Resources (AETUF – Research Report) yesterday and set a price target of C$32.00. The company's shares closed yesterday at $19.74. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Harvey covers the Energy sector, focusing on stocks such as Whitecap Resources, ARC Resources, and Advantage Energy. According to TipRanks, Harvey has an average return of 13.2% and a 50.51% success rate on recommended stocks. ARC Resources has an analyst consensus of Strong Buy, with a price target consensus of $23.63, a 19.71% upside from current levels. In a report released on May 5, CIBC also maintained a Buy rating on the stock with a C$33.00 price target. AETUF market cap is currently $11.43B and has a P/E ratio of 11.89. Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AETUF in relation to earlier this year.
