Why my outlook for PXP is still bullish comes from my conviction that this stock is not yet done. I was even expecting a correction to reach around 42-43 but its price is still holding at 46-47 level. Basin from my chart for the past days, technically PXP can reach up to 60+ level. Unless there will be a major news that will disrupt the price of this stock.
For those who want to get into PXP bandwagon, I would rather recommend you wait near 42-43. You may also post at around 44 but do not go all in.