Annual Report - 2001 - ARC Resources Ltd.
Annual Report - 2001 - ARC Resources Ltd.
Annual Report - 2001 - ARC Resources Ltd.
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AT THE TIME OF OUR INITIAL PUBLIC OFFERING IN 1996, WE IDENTIFIED<br />
THREE CRITERIA FOR SUCCESS WHICH WE BELIEVED WOULD<br />
GENERATE SUPERIOR UNITHOLDER RETURNS. THESE CRITERIA<br />
REMAIN UNCHANGED AS WE MOVE FORWARD. OUR SUPERIOR RESULTS<br />
TO DATE CONFIRM OUR SUCCESS IN PURSUING THIS STRATEGY.<br />
MANAGEMENT EXPERTISE Excellence in management in the royalty trust sector<br />
requires a unique blend of financial acumen and oil and gas technical expertise. At <strong>ARC</strong>, we<br />
have systematically built a team of individuals who are leaders in these two areas of competency.<br />
This team has established a reputation for translating its expertise into measurable<br />
results: well-structured acquisitions have turned into value-added opportunities; innovative<br />
financial policies have allowed <strong>ARC</strong> to excel through all phases of the business cycle; and our<br />
technical competence has made a strong contribution to our return on investment. The key<br />
measurement of <strong>ARC</strong>’s management expertise is the consistent superior returns which have<br />
been delivered to unitholders.<br />
QUALITY ASSETS We have established a portfolio of high quality assets through a series<br />
of strategic acquisitions. We are disciplined about the quality and characteristics of assets that<br />
we acquire. <strong>ARC</strong>’s ability to identify quality acquisitions is enhanced by our association with<br />
<strong>ARC</strong> Financial Corporation, a leading private equity investor in the Canadian oil and gas industry.<br />
Through this relationship, we are uniquely positioned to identify and pursue acquisition<br />
opportunities. Once we acquire an asset, our work has just begun. <strong>ARC</strong>’s technical teams add<br />
value by optimizing production and increasing reserves through low risk development activities.<br />
The success of their efforts can be seen by the low cost of production and reserve additions<br />
since inception.<br />
COMMITMENT TO STAKEHOLDER INTERESTS <strong>ARC</strong> is committed to serving<br />
the best interests of all stakeholders including landowners, governments, our communities,<br />
and, of course, our unitholders. <strong>ARC</strong> believes that its decisions must be anchored in serving<br />
the interests of its stakeholders. That is the challenge – and mandate – for every employee at<br />
<strong>ARC</strong>. When it comes to our unitholders, generating superior returns is a universal commitment<br />
across the company. It drives our dedication to management expertise and our focus on acquiring<br />
and developing quality assets. Our decisions are driven by an absolute commitment to<br />
maximize distributions and long-term value to our unitholders.
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