-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下： ARC Resources (ARX)第一季產量創歷史新高，達418,522桶油當量/日，較去年同期成長12%。營運資金為9.67億加元（每股1.70加元，年增17%），自由資金流為4.59億加元（每股0.81加元，年增19%）。強勁的天然氣價格（4.51加幣/千立方英尺）和產量成長是業績超預期的主因。同時，公司透過分紅和股票回購向股東返還了2.56億加元（佔自由資金流的56%）。 4月27日，ARX宣布殼牌公司將以每股32.80加元的價格收購該公司，收購價格為220億加元，溢價27%，這充分證明了該公司卓越的營運能力。管理階層維持2026年日產量40.5萬至42萬桶油當量以及18億至19億加元資本支出的預期，但第二季將受到計畫內檢修的影響。本季業績證明了殼牌進行此次策略性收購的合理性，ARX實現了兩位數的產量成長和強勁的天然氣價格實現。我們預計，如無任何交割障礙，股價將接近32.80加幣的收購價。
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