Arc Resources traded at 31.09 this Friday May 15th, increasing 0.22 or 0.71 percent since the previous trading session. Looking back, over the last four weeks, Arc Resources gained 20.88 percent. Over the last 12 months, its price rose by 6.66 percent. Looking ahead, we forecast Arc Resources to be priced at 30.44 by the end of this quarter and at 28.58 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.