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Sometimes prices go from bargain to dirt cheap. There is just no telling how far back into the doghouse a stock price can go once Mr. Market decides that the stock is not worth owning at any price. ARC Resources (OTCPK:AETUF) is one of those companies that is now up against the back wall of the doghouse. An asymmetrical long-term reward while incurring very low long-term risk was assured at higher prices. Now the curve has become more favorable for investors.
(Canadian Dollars Unless Otherwise Stated)
Source: ARC Resources Second Quarter 2019 Earnings