Total Return Performance
ARC has delivered an 19% compound annual total return since inception, outperforming the S&P/TSX Composite Index and S&P/TSX Exploration and Production Index.
History Of Growing Production
Strategic development of ARC's assets has delivered a 15% compound annual production growth rate since inception. In 2013, ARC reached record annual production of over 96,000 boe per day.
Annual Reserve Replacement
ARC has consistently delivered value to our shareholders through reserves growth. We have successfully replaced approximately 200% or higher of annual production for the last six consecutive years.
Balance Sheet Strength
To ensure financial flexibility ARC maintains low debt levels, targeting net debt to funds from operations in the range of one to 1.5 times. ARC exited 2013 with net debt to funds from operations at 1.2 times.
ARC is committed to the dividend. We believe that the dividend should be set at levels that are sustainable through short-term market cycles, as demonstrated by our consistent annual dividend which has been held steady at $1.20 per share or higher since inception.