Pxp energy. Pxp:pm just came down to 11:78 pesos from its 13.60 but it did so on no more than average volume for the month. You can consider this way more of a reflection on healthy profir raking from most likely volume traders and technical traders who got in on this stock for both the technical charts as well as the "rumor". Traders getting out of a technical trade. If this somehow reflects even in the tiniest that the contract would take longer to happen and a delay of the 90 days happen, I welcome it with the presence of lower Pxp shares. I'd like to own Pxp in my ira account under 10 pesos as it is the best to grow its company faster than the others specifically focused on what's been called by the energy dept to have the biggest gas/oil reserves the size of Mexico and only second to Saudi Arabia.
My personal view is pxp is waaaay more attractive now, and although apx is mainly a gold mine play I would purchase them at these lower prices too. There's no reason apx can't venture into gas and oil as a concessions bidder and get lucky in addition to 30% of sc72.
Ph wants those 10 billion dollars in investments for 4 new airports. Etc.... and to have many wells drilled at the same time, not just sc72 , so they are very motivated to sign a less than fair deal to sc72 but it does get signed this year at least before fecofs loses close to half of their remaining sc72 shares.
China is equally motivated as they get to have what looks like priority drilling in wells found in uncontested waters as well as contested. A capitulation to china in many ways.
Looks like a win win deal and even with a delay to negotiate formalities ,it's 90% getting signed and done.
