1112 ET - Shell's plans to buy Arc Resources for $13.6 billion in cash and shares looks to be fair value, Raymond James's Luke Davis reckons. And strategically, the analyst says the business is likely better in the hands of a larger entity that can bring in more technical bench strength that would be afforded the time needed to reassess and course-correct. Davis says Arc's dry natural-gas assets probably were the primary value drivers of the planned deal, given Shell's interest in building direct feedstock for LNG Canada. With support from the boards of both companies and some shareholder overlap, Davis doesn't see a high likelihood of any impediments to getting the deal closed. (robb.stewart@wsj.com)
(END) Dow Jones Newswires
April 27, 2026 11:12 ET (15:12 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.