Jefferies Expresses Surprise at Timing of ARC Resources-Shell Deal
Jefferies expressed surprise at the timing of the ARC Resources and Shell deal, suggesting that ARC's financial position may have allowed more time to address issues at Attachie. The analyst notes that Shell's interest in LNG Canada and dry gas needs makes them a distinct buyer, and maintains a Buy rating with a C$30 price target on ARC shares.
Tickers: $SHEL
Topics: analyst rating ARC Resources M&A Shell stock price