RE: BIG LOTS HIT ON THE BIDThis is a new high share price for Paramax, there are a lot of virgin shareholders looking to get off paper and reduce risk. The volume is now closing in on 3 Million shares (also record day).
If this is as big as some early indicators suggest, the buyers will lead the way, analysts will begin to write, institutions will begin to position. If they continue hitting wells and prove economic viability, I suspect this positioned and proved again the new re-processed seismic data coule mean there is more there than meets expectations.
Also, they have yet to drill into the DEEP basin indicated in their presentation on their web site. That could be really interesting.
Trend is perfect.