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Mangeet Kaur Bouns

The Best Stock to Buy for Under $15 Right Now

Mangeet Kaur BounsMangeet Oil

ARC Resources Ltd. (AETUF) is a leading oil and gas company headquartered in Calgary, Canada. The company’s activities focus on developing, exploring, and producing conventional crude oil, condensate, and natural gas liquids (NGLs).

For the third quarter of 2022, AETUF delivered production of 342,034 boe per day (60% natural gas and 40% crude oil and liquids). The company generated free funds flow of $580 million. It distributed 94%, or $544 million, of free funds flow to shareholders during the quarter through a combination of dividends and share repurchases under its normal course issuer bid (NCIB).

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