ARC Resources divested of its Redwater property in mid-August. At ~3,000 boe/d (was 2,900 boe/d in 2Q18) comprised primarily of oil, we would anticipate proceeds of ~$100-$125 mm. ARC has a proven history of replacing divested volumes with organic additions fairly rapidly within these kinds of capital allocation decisions.
11 Oct 2018
Updating 3Q18e volume forecast on Redwater divestiture
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Updating 3Q18e volume forecast on Redwater divestiture
ARC Resources Ltd. (ARX:TSE) | 0 0 0.0% | Mkt Cap: 4,383m
- Published:
11 Oct 2018 -
Author:
Robert Fitzmartyn -
Pages:
5
ARC Resources divested of its Redwater property in mid-August. At ~3,000 boe/d (was 2,900 boe/d in 2Q18) comprised primarily of oil, we would anticipate proceeds of ~$100-$125 mm. ARC has a proven history of replacing divested volumes with organic additions fairly rapidly within these kinds of capital allocation decisions.