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Research
Research Alert: Arc Resources To Be Acquired By Shell For Cad22b, Growing Lng Canada Synergies
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Shell plc (SHELL LN GBP33 ***) agreed to acquire ARC Resources Ltd. in a CAD22B cash-and-stock transaction at CAD32.80 per share, a 27% premium to ARC's April 26 closing price. ARC shareholders will receive 0.40247 Shell shares plus CAD8.20 cash per share, with the deal unanimously recommended by ARC's board. The acquisition strategically strengthens Shell's integrated gas business by adding high-quality Montney reserves and creating synergies with Shell's existing 40% stake in LNG Canada to accelerate export value. The transaction requires 66.67% shareholder approval at a July 2026 meeting and regulatory clearances, with closing expected in H2 2026. We believe the deal establishes a scaled Canadian growth platform with decades of resource runway while bringing deep Montney technical expertise to Shell's global organization. ARC's status as a top-quartile low carbon intensity producer aligns with Shell's "more value, less emissions" strategy. ARX trades flat year-to-date and down about 4% over 12 months.
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Research
National Bank Maintains Its Sector Perform Rating and $36 Target
Price: $29.96, Change: $+1.30, Percent Change: +4.54%
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Insider Trading
Everforth Insider Bought Shares Worth $999,786, According to a Recent SEC Filing
Theodore S. Hanson, Director, Chief Executive Officer, on April 24, 2026, executed a purchase for 51,965 shares in Everforth (EFOR) for $999,786. Following the Form 4 filing with the SEC, Hanson has control over a total of 476,526 common shares of the company, with 99,683 shares held directly and 376,843 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/890564/000155033726000004/xslF345X05/edgardoc.xmlPrice: $20.89, Change: $+1.92, Percent Change: +10.09%
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