Director buying at ARC Resources (ARX)

Director buying at ARC Resources (T:ARX)

Fred J. Dyment, a Director, acquired 50,000 Common Shares on an indirect ownership basis for registered holder Indirect Brokerage at prices ranging from $7.270 to $7.300 on May 31st, 2019. This represents a $364,365 investment into the company's shares and an account share holdings change of 23.8%.

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.