Montney-focused ARC Resources reported earnings of $142.5 million in Q1, more than double the $64.1 million it reported in the year-ago quarter, but down slightly from $167 million in 4Q16 following the sale of its entire Saskatchewan business to Spartan Energy for $700 million in late 2016. Funds from operations in Q1 of $177.2 million represented a 6% sequential decrease due to lower oil production and reduced realized gains on hedging contracts, but were......
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