Parex Resources Inc T.PXT

Strong Day...

[DrNo1962]

Couple of big houses accumulating $1M positions today alone.  House 65 just starting to buy.  Feels like $22 will come sooner than later.

House Positions for C:PXT from 20210915 to 20210915

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
77 Peters	51,000	1,063,893	20.861	0			51,000	-1,063,893
62 Haywood	50,000	1,046,448	20.929	0			50,000	-1,046,448
65 Goldman	17,700	371,417	20.984	6,162	128,410	20.839	11,538	-243,007

[DrNo1962]

House 65 continues to accumulate... IMO when they start to buy they buy big.  Let's see.

[DrNo1962]

Confirmed... House 65 continues to buy and I see House 001 mixed in w/ their buys... a good sign IMO.  $22 here we come.

[1condor]

DrNo1962...Will be interesting to see if PXT can break that solid 23.50 resistance level with this latest run. It has tried a few times and all have been unsuccessful.  

[DrNo1962]

Will be interesting to see if PXT finally breaks out beyond $23.50 for sure... IMO given it's only another 10% move from here and PXT is still so undervalued and quality even at that price that it will happen... judguung by strength and move in oil of late could happen soon.

[DrNo1962]

Oil getting a nice bid in the PM session... oil equities starting to go green... When PXT moves it moves big - in both dorections!  

[1condor]

DrNo1962...actually PXT does not trade big in "both directions". This stock has a tendency to underperform on the big upside days in the sector and takes a bigger hit on down days. That is why the stock continues to be an underperformer. The company does have a lot going for it...but I suspect most investors (including myself) recognize this pattern...most notably the pullback every time