ARC Resources jumps on major acquisition deal with Shell, boosting outlook for LNG and Canadian energy assets.

Shell is making its biggest acquisition in a decade.

The deal adds about 370,000 barrels of oil equivalent per day of production and 2 billion barrels of reserves to Shell's portfolio

With most of the upside now priced in, ARX stock now looks more like a deal-driven story than a growth opportunity. The post This Canadian Dividend Stock Just Jumped 21% – Should You Still Buy? appeared first on The Motley Fool Canada.

Shell’s $16.4 billion acquisition of ARC Resources is set to increase production, expand reserves, and reinforce its long-term strategy, reflecting a broader shift by energy majors toward oil and gas growth and stronger returns.

On April 17, BNP Paribas downgraded Shell plc (NYSE:SHEL) to Neutral from Outperform with a $101 price target.

In the latest trading session, Shell (SHEL) closed at $86.91, marking a -2.49% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.12%. Elsewhere, the Dow saw a downswing of 0.

Energy major moves to strengthen reserves base with largest acquisition in over a decade, funded with cash and shares.