ARC reported second quarter results that modestly trailed consensus expectations, with production impacted by pipeline restrictions in the quarter, while cash flow came up short due to the lower volumes and cash taxes in the period. More importantly the Company entered into two strategic acquisitions in the Cardium at accretive metrics that further builds out its working interest in the region, while allowing for increased control over the pace of development. The Board of Directors has appro
29 Jul 2016
Reports 2Q16 Results, Strategic Cardium Acquisitions, and Revised Guidance
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Reports 2Q16 Results, Strategic Cardium Acquisitions, and Revised Guidance
ARC Resources Ltd. (ARX:TSE) | 0 0 0.0% | Mkt Cap: 4,383m
- Published:
29 Jul 2016 -
Author:
Michael Hearn -
Pages:
9
ARC reported second quarter results that modestly trailed consensus expectations, with production impacted by pipeline restrictions in the quarter, while cash flow came up short due to the lower volumes and cash taxes in the period. More importantly the Company entered into two strategic acquisitions in the Cardium at accretive metrics that further builds out its working interest in the region, while allowing for increased control over the pace of development. The Board of Directors has appro