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ARC Resources (T:ARX) has notable insider buying

Updated Monday Aug 23, 2021 02:39 AM EDT

ARC Resources Ltd. (ARX) has below median officer and director direct ownership compared to its large-cap peers in the market, based on our estimate using SEDI data.

Michael McAllister, a Director, acquired 6,400 Common Shares on an indirect ownership basis for registered holder RBC Phillips, Hager & North Investment Counsel Inc. at a price of $7.749 through the public market on August 20th, 2021. This represents a $49,594 investment into the company's shares and an account share holdings change of 21.6%.

ARC Resources is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

ARC Resources Ltd is a Canada-based oil and gas company. The Company' activities is focused on the exploration, development and production of conventional crude oil, condensate, natural gas liquids (NGLs) and natural gas in western Canada. It is focused in the Montney resource play in Alberta and northeast British Columbia and the Pembina Cardium in Alberta. It operates approximately 638,000 net acres in this Montney operations. Its areas include Dawson, Parkland/Tower, Sunrise, Attachie and Ante Creek. The Pembina Cardium is a conventional oil fields in Alberta. Its properties include the North Pembina Cardium Unit No. 1, Berrymoor Cardium Unit, Buck Creek, Lindale Cardium Unit, as well as numerous MIPA properties.

INK Edge Outlook

CONDITIONS:
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6 months ago
1 year ago
Overall
Sunny
Mostly Sunny
Mixed
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Go to ARC Resources Ltd. (ARX)'s company page

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