Baytex Energy Corp T.BTE

Find another Canadian O&G w/ 4.5% float short...

[DrNo1962]

There is no other Canadian O&G company - at least that I am aware of - that has such an enormous short position outstanding even after recent run-up.  Given optimistic outlook these short *WILL* evenually have to cover and go long - only a matter of time.  They will be losing increasing amounts of money every time BTE closes in the green.  I believe Q2 financials will be major turning point for many Canadian O&G companies and momentum will continue for some time - only 1 month away.  Doubt many shorts will hold after Q2 release.

Short Positions for BTE

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : BTE	2021-06-15	25,267,881	-518,618	564,110,922	4.48
T : BTE	2021-05-31	25,786,499	-539,211	564,110,922	4.57
T : BTE	2021-05-15	26,325,710	5,813	564,110,922	4.67
T : BTE	2021-04-30	26,319,897	1,066,984	564,110,922	4.67

[BayStreetWolfTO]

Drop in case you missed it Short selling will eventually need to be covered this will add additional pressure upwards for the price. They are running out of time Short selling analysis BTE et al Reference https://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/consolidated-short-position-report.aspx https://www.tsx.com/ For perspective I do feel shorting has a purpose. For those curious

[Maxmoe]

You can use this link to the iiroc website to download the excel spreadsheet for all shorts. Default is sort alphabetically, but it's easy to change to sort by size. BTE is the largest oil producer. Enbridge is #1. The banks and the tsx60 etf are very close to the top due to their size and liquidity more than return expectations. Notably near the top despite small size are producers cpg,arx