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Analysts agree Arc undervalued

ARC Energy has a well-funded exploration program and new production coming onstream – in fact it increased oil production by 34% in the last quarter – yet it remains undervalued, according to several brokers.

Analysts agree Arc undervalued

Yesterday the company opened at $1.30 and closed at $1.34.5, but various brokers have said it should be priced significantly more highly. In a report early last month, Hartleys valued Arc (ARQ) at $1.59....

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