11:51 AM EST - ARC Energy Trust : reported higher third-quarter profits Thursday and cut its capital spending budget slightly because of expected price drops in the oil services and equipment industry. The Calgary-based royalty trust reported its profits for the three months ended Sept. 30 rose to $116.9 million from $114.6 million last year. ARC Energy Trust
AET.UN are trading down 1.11 at $22.02.
