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When ARC Resources Ltd. ARX-T reported fourth-quarter results on Feb. 5, it also announced the appointment of Jonathan Wright to the Board of Directors. He is a 35-year oil patch veteran who led NuVista Energy’s transformation into a pure-play Montney producer. He was also one of multiple insiders who bought ARC shares this week as the stock pulled back after earnings news. On Feb. 9 he acquired 43,631 shares at $22.85. In total, eight insiders, including Mr. Wright, bought 84,991 shares at an average price of $23.08.
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.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.