Analyst Reco.

11/12 CIBC Capital Markets Keeps ARC Resources' Outperformer Rating, C$31.50 Price Target MT
20/25/20 RBC Says Producer Response to Lower Prices Key Focus for Q3 Canadian Energy Earnings MT
17/25/17 ARC Resources Maintained at Buy at TPH Ahead of Q3 Results; Price Target at C$32.00 MT
15/25/15 CANADA RESEARCH ROUNDUP-Imperial Oil, Nuvista Energy, Tourmaline Oil RE
14/25/14 CANADA RESEARCH ROUNDUP-BRP, ERO Copper, Strathcona Resources RE
01/25/01 ARC Resources Maintained at Buy at TPH Following Q2 Results; Price Target at C$32.00 MT
03/25/03 ARC Resources Maintained at Outperform at BMO as Montney Buy Closes; Price Target Raised to C$33.00 MT
16/25/16 ARC Resources Price Target Raised to $35, Outperform Rating Maintained by National Bank of Canada MT
02/25/02 ARC Resources Maintained at Buy at TPH Following Q1 Results; Price Target at C$32.00 MT
11/25/11 ARC Resources Maintained at Buy at UBS Following Q4 Results; Price Target Raised to C$37.00 MT
23/25/23 ARC Resources Maintained at Buy at UBS Ahead of Q4 Results; Price Target Raised to C$35.00 MT
21/25/21 ARC Resources Maintained at Buy at TPH Ahead of Q4 Results; Price Target at C$30.00 MT
11/24/11 ARC Resources Maintained at Buy at UBS Following Q3 Results; Price Target Raised to C$31.00 MT
07/24/07 ARC Resources Maintained at Buy at TPH Following Q3 Results; Price Target at C$30.00 MT
07/24/07 ARC Resources Maintained at Buy at TPH Ahead of Q3 Results; Price Target at C$30.00 MT
09/24/09 ARC Resources Maintains Outperform Rating, $32 Price Target at National Bank of Canada MT
05/24/05 ARC Resources Maintained at Buy at TPH Following Asset Sale and Operations Update; Price Target at C$30.00 MT
04/24/04 ARC Resources Maintains Outperform Rating, $32.00 Price Target, at National Bank Following Asset Sale MT
08/24/08 ARC Resources Maintained at Buy at UBS Following Second-Quarter Results; Price Target Kept at C$32.00 MT
02/24/02 ARC Resources Maintained at Buy at TPH Following Q2 Results; Price Target at C$30.00 MT
20/24/20 ARC RESOURCES INITIATED AT BUY AT UBS : Price Target Set at C$33.00 MT
10/24/10 ARC Resources Maintains Buy Rating at TPH Following First-Quarter Results; Price Target at C$30.00 MT
12/24/12 ARC Resources Maintained at Buy at Stifel FirstEnergy Following Q4 Results; Price Target Kept at C$25.00 MT
09/24/09 ARC Resources Upgraded to Outperform at BMO, Shares Rise 3.6% MT
09/24/09 ARC Resources Maintained at Buy at TPH Following Q4 Results; Price Target Kept at C$25.00 MT
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