In keeping with our watch on energy sector insider activity, today we visit western-Canada focused ARC Resources Ltd. where insiders have been buying. The stock hit a three-month low of $28.87 on August 6, a week after releasing second quarter earnings. Since the July 30 earnings news which reported production up 18 per cent versus the same quarter a year ago, three insiders have spent $586,844 buying shares in the public market. The biggest buyer was vice-president of operations Karen Nielsen who bought 9,360 shares at $30.04.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.
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- ARC Resources Ltd$23.08+0.24(+1.05%)
- Updated August 25 1:31 PM EDT. Delayed by at least 15 minutes.