Skip to main content

The Globe and Mail

ARC Resources insiders buy after energy ease

iStockPhoto / Getty Images

Fearing an economic slowdown, governments along with the International Energy Agency (IEA) devised a tactic they hope will support global growth. Last week the IEA announced an "energy ease" which involves releasing 60 million barrels of oil from strategic reserves in an attempt to put a lid on pump prices. The news initially sent energy stocks tumbling. However, insiders sniffed opportunity in the selloff. For example, after the IEA news, ARC Resources Ltd. Directors Tim Hearn and Harold N. Kvisle both bought 5,000 shares between $24.81 and $24.96.

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.

Report an error Editorial code of conduct
As of December 20, 2017, we have temporarily removed commenting from our articles. We hope to have this resolved by the end of January 2018. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.