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Arc Resources: Q2 Earnings Snapshot


Arc Resources: Q2 Earnings Snapshot
July 30, 2021
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CALGARY, Alberta (AP) Arc Resources Ltd. (AETUF) on Thursday reported a loss of $100.1 million in its second quarter.
The Calgary, Alberta-based company said it had a loss of 14 cents per share. Losses, adjusted for asset impairment costs, came to 13 cents per share.
The oil and natural gas company posted revenue of $1 billion in the period.
Arc Resources shares have climbed 62% since the beginning of the year. The stock has increased 84% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AETUF at https://www.zacks.com/ap/AETUF ....

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Energy helps TSX to edge higher; on track for sixth straight monthly gain


Demand has increased for gas that s used for cooling houses, something that s typical this time of year, although temperatures have soared beyond normal in western provinces.
Obviously we ve seen some record temperatures in various parts of the country in the last couple of days, and that s clearly driving part of the move in the natural gas space, said Mike Archibald, vice-president and portfolio manager with AGF Investments Inc.
The August natural gas contract was up 3.7 cents at US$3.63 per mmBTU while the August crude contract was up seven cents at US$72.98 per barrel.
Both natural gas and crude oil prices were up sharply before pulling back toward closing. ....

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