10:52 AM EDT, 04/08/2024 (MT Newswires) -- RBC Capital Markets noted Monday updates from ARC Resources Ltd. ( AETUF ) , Headwater Exploration Inc. ( CDDRF ) and Parkland Corp. ( PKIUF ) .

RBC noted that ARC has entered into a long-term liquefaction tolling services agreement with the proposed Cedar liquefied natural gas project while entering into a non-binding heads of agreement with an investment-grade rated company for the associated LNG offtake.

RBC said the terms of the liquefaction agreement will deliver 200 MMcf/d of natural gas for 20 years commencing in the second half of 2028.

Meanwhile, RBC said Headwater's first-quarter production of 19,500 barrels of oil equivalent per day aligned with consensus forecast. The company also continues to delineate its growing Clearwater portfolio, opening a door for future development across its 520 net sections in the Clearwater fairway.

For Parkland, RBC said the company's Burnaby refinery is back online company following an unplanned outage that started in January.

As a result, management expects to book a first-quarter loss of $60 million to $65 million, while EBITDA was estimated at $300 million to $320 million, well below current consensus expectations.

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