AETUF - Arc Resources Earnings: The Dividend Is Safe
Arc Resources (OTCPK:AETUF) reported the Q4 earnings and released the 2018 reserves report. Despite the volatility of oil and gas prices, the company delivered strong results.
Thanks to the low-cost structure, the 6.5% dividend yield is safe at 2017 and 2018 oil and gas prices.
But despite the higher production volume, the lower costs, and the increased reserves, the market values the company at a lower price than three months ago. The discount to my estimation of intrinsic value is not important enough for me to buy shares, though. But the safe