Herbert Pinder, a Director, acquired 94,000 Common Shares on a control or direction basis for registered holder TSR Investments at a price of $10.580 on November 12th, 2018. This represents a $994,520 investment into the company's shares and an account share holdings change of greater than 100%.
Terry Michael Anderson, a Senior Officer, acquired 5,000 Common Shares on an indirect ownership basis for registered holder RBC Brokerage at a price of $10.400 on November 16th, 2018. This represents a $52,000 investment into the company's shares and an account share holdings change of 3.2%.
Bevin Mark Wirzba, a Senior Officer, acquired 4,855 Common Shares on an indirect ownership basis for registered holder 701-86242 1-8 (RBC) at a price of $10.280 on November 14th, 2018. This represents a $49,909 investment into the company's shares and an account share holdings change of 6.9%.
ARC Resources is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.
ARC Resources Ltd is a crude oil and natural gas company. It is engaged in the exploration, development and production of crude oil and natural gas in Canada with an emphasis on the development of properties with hydrocarbons in place, commonly referred to as resource plays. Its properties, North Pembina Cardium Unit No. 1 (NPCU 1), Berrymoor Cardium Unit and Lindale Cardium Unit, are located in the Pembina Cardium field. Its Ante Creek property is located within the oil prone Montney trend, and produces a mixture of gas, oil and liquids. The Swan Hills property provides exposure to the Slave Point carbonate reef, which produces oil. Its South Central Alberta area includes a range of assets from southern and central Alberta. The Redwater field, located in central Alberta, produces light crude oil. The Company's Dawson Phase III facility is designed for processing capacity of approximately 90 million cubic feet (MMcf) per day and over 7,500 barrels per day of liquids-handling capacity. ARC Resources Ltd. (ARX) has below median officer and director direct ownership compared to its mid-cap peers in the market, based on our estimate using SEDI data. According to recent regulatory filings, three insiders have invested a total amount of $1,096,429.
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