Arc Resources traded at 24.83 this Friday April 17th, decreasing 0.89 or 3.46 percent since the previous trading session. Looking back, over the last four weeks, Arc Resources lost 11.19 percent. Over the last 12 months, its price fell by 7.90 percent. Looking ahead, we forecast Arc Resources to be priced at 25.48 by the end of this quarter and at 23.74 in one year, according to Trading Economics global macro models projections and analysts expectations.
ARC Resources Ltd is a Canada-based oil and gas company. The Company’ activities is focused on the exploration, development and production of conventional crude oil, condensate, natural gas liquids (NGLs) and natural gas in western Canada. It is focused in the Montney resource play in Alberta and northeast British Columbia and the Pembina Cardium in Alberta. It operates approximately 638,000 net acres in this Montney operations. Its areas include Dawson, Parkland/Tower, Sunrise, Attachie and Ante Creek. The Pembina Cardium is a conventional oil fields in Alberta. Its properties include the North Pembina Cardium Unit No. 1, Berrymoor Cardium Unit, Buck Creek, Lindale Cardium Unit, as well as numerous MIPA properties.