Post by
blackdog on Oct 06, 2020 4:17pm
Trading this week
As has been mentioned, the share price is surprisingly range bound and much of the trading is anonymous.
I note that, perhaps also surprisingly, the short positon at end Sep remains almost unchanged at 572K shares shorted; a small increase but little trading or covering.
It is my contention that someone has been churning Bonterra for some time, trying to keep a lid on its price. See Vivian Krause and her fine work on this issue. There are groups that brag about using their great wealth to purposefully discourage investment in Western Canadian Oil and Gas; so as to deny Canadian companies access to capital and investment.
If, at the end of the next short position reporting period at mid-month, we find that the short volume trade has spiked (yet again) without the overall position changing, this would be further evidence and tentative conclusions might be drawn.
On the other hand, those with the courage and wherewithal to buy now are getting what (in my view) will (someday) be an seen as an outstanding bargain.
Comment by
2020oilgamble on Oct 08, 2020 9:41pm
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Comment by
Hendrick3 on Oct 09, 2020 7:43am
I absolutely agree with your last two points. I disagree that adding more debt is a ticket to success. You don't know yet whether your lending group is going to extend the debt. You are correct that OBE's biggest problem is the scattered leadership of Front Four. That's why the deal was proposed. No more debt for BNE and replace Front Four with some real leadership.
Comment by
2020oilgamble on Oct 06, 2020 7:24pm
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