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AETUF - ARC Resources: A Covered 8.2% Dividend Yield
ARC Resources Ltd
Introduction
ARC Resources (AETUF) is a Canadian producer of natural gas. Despite the fact the company does report its production in barrels of oil equivalent, the vast majority (74% of the oil-equivalent output) of its production consists of natural gas while oil (12.4%), condensate (8%) and NGLs (5.9%). This means the company's performance is very much tied to the gas price which hasn't exactly been too fantastic in Canada, causing some unrest about the sustainability of the current generous dividend. The share price is now up over 30% since my previous article,