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Bullboard - Stock Discussion Forum Parex Resources Inc T.PXT

Alternate Symbol(s):  PARXF

Parex Resources Inc. is a Canada-based independent oil and gas company in Colombia, focusing on sustainable, conventional production. The company is engaged in the business of the exploration, development, production and marketing of oil and natural gas in Colombia. The Company is focused on development in two main basins: Llanos and Magdalena.

Bullboard (TSX:PXT)

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Comment by traderlong2on Nov 14, 2024 10:22am

RE:Green !!

90 Barclays 100,000 1,469,996 14.70 100 1,469 14.69 99,900 -1,468,527 85 Scotia 68,150 995,801 14 ...more  
Comment by unc12345on Nov 14, 2024 10:08am

RE:RE:RE:RE:RE:Strange Trading Pattern with PXT.... Anyone can explain what

Great summary Joe, but what is the market not seeing?  Is it simply an overreaction to some bad results at the one well?  If so, I can be patient and I do enjoy the diminishing share count ...more  
Post by traderlong2on Nov 14, 2024 10:04am

Green !!

PXT first 30 min 8 Eight 4,400 64,729 14.711 0   4,400 -64,729   Yesterday 8 Eight 30 ...more  
Comment by JoeBravo1on Nov 14, 2024 6:06am

RE:RE:RE:RE:Strange Trading Pattern with PXT.... Anyone can explain what

Thanks for sharing that traderlong2 and great find. I think that Parex has a great management team that is experienced and fiscally responsible and committed to shareholder value. The share buybacks ...more  
Comment by traderlong2on Nov 13, 2024 8:59pm

RE:RE:RE:Strange Trading Pattern with PXT.... Anyone can explain what

You are correct Joe ! PXT purchase through Eight Capital (in their release below) follow stockwatch They start at 930 and buy small amounts through out the day to better hit the days average price ...more  
Comment by baranjaon Nov 13, 2024 11:36am

RE:Strange Trading Pattern with PXT.... Anyone can explain what

Not just PXT, but many other oil stocks,.. same thing.  No wolume then boom, at 4 pm.
Comment by aegisfang9on Nov 13, 2024 10:16am

RE:RE:RE:Strange Trading Pattern with PXT.... Anyone can explain what

You definitely could be correct - I've noticed large trades around 4 pm on any stock I've owned that do consistent daily buybacks. Always thought that was it but happy to learn something.
Comment by JoeBravo1on Nov 13, 2024 9:58am

RE:RE:Strange Trading Pattern with PXT.... Anyone can explain what

I believe that is incorrect.  Buybacks can occur all day except for last 10 or 15 minutes depending on market cap. They usually starting around 10 am and can consist of a pre-arranged bulk trade ...more  
Comment by aegisfang9on Nov 12, 2024 8:35pm

RE:Strange Trading Pattern with PXT.... Anyone can explain what

Company buybacks are usually executed at the end of each trading day - that could be it.
Comment by JoeBravo1on Nov 12, 2024 10:15am

RE:RE:RE:Strange Trading Pattern with PXT.... Anyone can explain what

I guess they're controlling the price with the 100 share trades. I just purchased more shares, to average up.  Paid a little more than I wanted, but I believe the price is still very much ...more  
Comment by CrazyTraderon Nov 12, 2024 10:09am

RE:RE:Strange Trading Pattern with PXT.... Anyone can explain what

Joe, it's like 100 share trades all day long, everyday... been like that for a long time.   This is where I'm seeing the trades...  Parex Resources Inc. (PXT) | Recent ...more  
Comment by JoeBravo1on Nov 12, 2024 8:38am

RE:Strange Trading Pattern with PXT.... Anyone can explain what

It could just be rebalancing of trades, or accumulation, but I do believe the market makers are going to try and close the gap made at $13.27 when Parex released positive results. May not get filled, ...more  
Post by CrazyTraderon Nov 12, 2024 7:45am

Strange Trading Pattern with PXT.... Anyone can explain what

is going on?    Ok, if you haven't noticed, but PXT trades all day long with 100 share trades.  Then at the end of the day,  POW!   huge trade volume.    ...more  
Post by CrazyTraderon Nov 11, 2024 7:49am

traderlong2, I'm long on PXT for the following reasons.

1) PXT has been PROFITABLE for several years, including in 2020, and looks to continue to be profitable. 2) P/E ratio CRAZY Stupid Low, sending sustainable dividend yield crazy high.  3 ...more  
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