A number of insiders were buying at Western Canada oil-and-gas-focused ARC Resources Ltd. last month. Chief financial officer P. Van Dafoe acquired 6,000 common shares at a price of $17.40. In addition, chief operating officer Terry Anderson bought a total of 12,000 common shares at an average price of $17.75 while two directors bought 13,965 shares between $17.55 and $18.23. ARC averaged 109,900 barrels of oil equivalent a day (65-per-cent natural gas) last quarter and management hopes to boost production in the fourth quarter upon commissioning of a new gas plant.
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. 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.