Trade Alert
Buying $200,000 or C$284,340 PXT.TO at C$20.75 or 13,703 shares.
Buying $200,000 GPRK at $9.28 or 21,551 shares.
Buying $50k or C$71,075 NSE.V at C$0.57 or 124,650 shares.
Please see the rationale for why (public article):
(Idea) Investors Are Underappreciating How Positive Espriella Will Be For The Colombian Energy Sector
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Neglect, dislike, or whatever you want to call it, investors in the energy sector are completely misreading the situation unfolding in Colombia. Following Abelardo de la Espriella’s victory on June 21, investors have seemingly responded to Colombian oil producers with a “meh”.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of NSE.V, PXT.TO, GPRK either through stock ownership, options, or other derivatives.