ARC Resources (ARX) has notable insider buying

ARC Resources (T:ARX)

Terry Michael Anderson, a Senior Officer, acquired 50,000 Common Shares on an indirect ownership basis for registered holder RBC Brokerage at a price of $2.800 through the public market on March 17th, 2020. This represents a $140,000 investment into the company's shares and an account share holdings change of 52.3%.

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.