ARC Resources (ARX; $27.40--October 21; Overweight; PT: $31.00)ARC has long been one of our favorite companies for its high quality management, strategy, and resource depth. We believe the company is well positioned to deliver exceptional production growth over the next 18-24 months, and believe that this is not adequately reflected in its valuation. Building on the estimated 100,000 boe/d exit rate this year, the Parkland/Tower plant should add 18,000 boe/d in early 2014 (although......
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