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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.


TSX:PXT - Post by User

Post by traderlong2on Nov 18, 2024 3:44pm
67 Views
Post# 36318591

Shorts

ShortsMy personal guess
Is the pull back is related to the shorts
3.4 million shorts to be exact
they can not be happy about the train picking up steam
i keep a watch on the close of trading there is large blocks change hands at close sometimes
i think that is short covering/favours between brokerages
so we will see if some large blocks swap at 4pm
I know i would be panicked if i was short on this stock
as it is picking up speed like a frieght train!!

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