Bullboard - Stock Discussion Forum Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay... see more

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TSX:BTE - Post Discussion

Baytex Energy Corp > ,,,,,,,,,,,,,,,,,,Short Selling

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Post by Red_Deer on Sep 22, 2023 9:31pm

,,,,,,,,,,,,,,,,,,Short Selling

Comment by Kelvinon Sep 21, 2023 8:00pm

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Post# 35648443

RE:RE:RE:RE:RE:Posts

jleer42, I read once that in the fine print of the contract that you made with your brokerage firm you gave them the permission to lend out your shares at no cost to them. True?

My UnderStanding has ALWAYS BEEN that ONLY in a MARGIN Account CAN the BROKER
Lend Out YOUR Shares to a Short Seller__As You HAVE Borrowed THEIR $$$$ to Buy Shares

With a CASH Account__ALL Your Shares ARE (Must Be) FULLY PAID For__THUS the Broker
Can NOT Lend Out YOUR Shares__Much the SAME as Having a Share Certificate.

Could NOT Find My ORIGINAL Broker AGREEMENT to VERFY This.

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Comment by downwithdotcom1 on Sep 22, 2023 9:49pm

i thought that i read the same thing but again i'm not 100% sure. As for so called "naked shorting" i have also read that it regularly occurs in Canada and we are the "laughing stock " when it comes to enforcement...WHY?? its all about the current definition - something along the lines of "best effort" must be made to settle the lending out of shares and this has ...more

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