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Bullboard - Stock Discussion Forum Parex Resources Inc T.PXT

Alternate Symbol(s):  PARXF

Energy Oil & Gas E&P
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 Discussion

Parex Resources Inc > Insider Buying
View:
Post by 1966Mustang on Sep 14, 2024 1:57pm

Insider Buying

It is hard to ignore the insider buying.  I won't lie, I am worried about the selling.  What to do is the question.
Comment by cherman on Sep 14, 2024 6:38pm
Multiple insiders buying with no selling. Almost 600k buyback in August and over 400k in July. This only what I  could see on my broker website but I remember they did the same last year.  I'm surprised it went down to this level.  I personally added over 2k Yesterday. 
Comment by ol_griz on Sep 14, 2024 7:42pm
It's probably an overreaction to the surprise miss and drilling shock.  However, market is probably wary of a significant reserve/production squeeze so you could say it's justified.  Fortune favours the brave ...
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