ARC Resources (ARX) has notable insider buying

ARC Resources (T:ARX)

Michael McAllister, a Director, acquired 13,000 Common Shares on an indirect ownership basis for registered holder RBC Phillips, Hager & North Investment Counsel Inc. at a price of $15.260 through the public market on March 24th, 2023. This represents a $198,380 investment into the company's shares and an account share holdings change of 24.5%.

ARC Resources Ltd. is a Canada-based oil and gas company. The Company's activities are focused on the exploration, development, and production of unconventional natural gas, condensate, Natural gas liquids (NGLs) and crude oil in western Canada. The Company's assets are located in the Montney region in Alberta and northeast British Columbia. The Company's operations in Alberta are located near Grande Prairie and region include Kawka and Ante Creek. The Company's operations in northeast British Columbia feature low-emissions assets and strategically connected to third-party egress and hydroelectricity. The Company's operations in the northeast British Columbia Alberta are located near Dawson Creek and region include Greater Dawson, Sunrise and Attachie. The Greater Dawson operating area includes Dawson Phases I, II, III and IV and Parkland 3-9.