Parex Resources Inc T.PXT

looks like another 30k will be gone

[traderlong2]

House Positions for C:PXT from 20241118 to 20241118

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
2 RBC	102,930	1,588,633	15.434	50,468	773,397	15.325	52,462	-815,236
14 Virtu ITG	39,903	618,112	15.49	2,027	31,022	15.304	37,876	-587,090
8 Eight	26,800	411,255	15.345	0			26,800	-411,255
79 CIBC	207,755	3,186,783	15.339	189,050	2,909,738	15.391	18,705	-277,045
39 Merrill Lynch	33,020	506,309	15.333	16,027	246,443	15.377	16,993	-259,866
80 National Bank	14,853	228,971	15.416	8,868	136,287	15.368	5,985	-92,684
88 Credential	8,770	135,439	15.443	3,400	52,225	15.36	5,370	-83,214
85 Scotia	11,019	169,676	15.398	5,946	90,688	15.252	5,073	-78,988
65 Goldman	4,602	70,648	15.352	2,300	35,447	15.412	2,302	-35,201
56 Edward Jones	1,130	17,163	15.188	0			1,130	-17,163
19 Desjardins	21,738	331,446	15.247	20,870	323,144	15.484	868	-8,302
222 JP Morgan	427	6,554	15.349	0			427	-6,554
28 CI	300	4,559	15.197	110	1,707	15.518	190	-2,852
89 Raymond James	0			17	257	15.118	-17	257
124 Questrade	2,595	39,665	15.285	3,061	46,907	15.324	-466	7,242
57 Interactive	2,119	32,405	15.293	3,907	59,868	15.323	-1,788	27,463
5 Citadel	2,026	31,104	15.352	4,473	68,525	15.32	-2,447	37,421
22 Fidelity	88	1,371	15.58	2,900	44,271	15.266	-2,812	42,900
13 Instinet	7,646	117,168	15.324	11,596	178,286	15.375	-3,950	61,118
33 Canaccord	0			8,011	122,771	15.325	-8,011	122,771
15 UBS	0			8,300	127,658	15.38	-8,300	127,658
9 BMO Nesbitt	7,827	119,398	15.255	23,601	362,028	15.34	-15,774	242,630
53 Morgan Stanley	15,739	240,721	15.295	38,900	596,558	15.336	-23,161	355,837
7 TD Sec	80,880	1,242,464	15.362	111,697	1,715,620	15.36	-30,817	473,156
1 Anonymous	254,900	3,919,480	15.377	331,538	5,096,480	15.372	-76,638	1,177,000
TOTAL	847,067	13,019,324	15.37	847,067	13,019,327	15.37	0	3

 

[JoeBravo1]

I don't have that traderlong2, so thanks for sharing, but it seems that Eight Capital, acting as broker of record for Parex, is buying small lots. This is a very methodical approach in supporting the share price and using their capital frugally.  Looks like they will be buying 30k shares per day for the remainder of the year. With approx. 30 trading days left in the year, they could be

[JoeBravo1]

Small lot buys, but consistent and they're buying at higher prices as the market dictates.  Shows the company believes the shares are still very much undervalued at higher prices. Recent Trades - Last 10 of 5254 More trades... Time ET Ex Price Change Volume Buyer Seller Markers

[traderlong2]

Today's  mission complete ! 8 Eight 30,000 459,751 15.325 0   30,000 -459,751

[traderlong2]

Welcome Joe! Yes they start at opening bell and buy small lots through out the day just finished their 30k around 330 pm I think it is to average the days price 13..54 for today Love starting each day with a smaller float than the day before glta

[JoeBravo1]

It definitely does seem that way traderlong2. They have a set number of shares to accumulate each day, which is 30k. Those selling truly don't realize what they're holding.  Nothing wrong with trading, but with the Arantes results due out sometime soon, this could go ballistic if they make a Natural Gas discovery. My gut tells me, they are going to be successful with this well, but