ARC reported strong first quarter results that came in ahead of both our expectations and the consensus in a difficult period that saw a precipitous drop in commodity prices.The Company capped off the first quarter in a position of strength both financially and operationally, with a pristine balance sheet and the Company’s Montney assets exceeding expectations. Management has maintained its previously announced 2016e guidance, although given first quarter results we would not be surprised to see ....
29 Apr 2016
Reports Strong 1Q16 Results
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Reports Strong 1Q16 Results
ARC Resources Ltd. (ARX:TSE) | 0 0 0.0% | Mkt Cap: 4,383m
- Published:
29 Apr 2016 -
Author:
Michael Hearn -
Pages:
8
ARC reported strong first quarter results that came in ahead of both our expectations and the consensus in a difficult period that saw a precipitous drop in commodity prices.The Company capped off the first quarter in a position of strength both financially and operationally, with a pristine balance sheet and the Company’s Montney assets exceeding expectations. Management has maintained its previously announced 2016e guidance, although given first quarter results we would not be surprised to see ....