ARC published another solid reserve report, the most notable takeaways of which were a material reduction in the future development capital, positive technical revisions of 36 mmboe on its Montney assets, and F&D figures that came in materially lower than the prior year and the Company’s three-year averages. In light of current commodity prices, the Board of Directors approved a 50% reduction in the dividend in order to ensure the strength of the Company’s balance sheet through the current downt ....
12 Feb 2016
ARC Resources Year-End Results – O Captain! My Captain!
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ARC Resources Year-End Results – O Captain! My Captain!
ARC Resources Ltd. (ARX:TSE) | 0 0 0.0% | Mkt Cap: 4,383m
- Published:
12 Feb 2016 -
Author:
Michael Hearn -
Pages:
13
ARC published another solid reserve report, the most notable takeaways of which were a material reduction in the future development capital, positive technical revisions of 36 mmboe on its Montney assets, and F&D figures that came in materially lower than the prior year and the Company’s three-year averages. In light of current commodity prices, the Board of Directors approved a 50% reduction in the dividend in order to ensure the strength of the Company’s balance sheet through the current downt ....