Fishy It's hard to believe how the powers that be, can easily control/manipulate their pick of stocks. CVE can't even get a pop/decent run up like other o&g names do when oil opens up up $1+, -on multiple days at that. It gets shorted hard under $21.99 and goes into red every day- when this is one of the better names out there.
This is getting shorted because someone out there knows something (trading on inside knowledge) that is going to happen and not letting this run. Wouldn't be surprised if in the near days, we here news that they used equity and capital to buy out something. Making this drop even some more.
The way this has been held back even when oil opens up, is ridiculous. This name is down nearly 8% in the past 6 months- while SU & CNQ has been up over 12% in the same timeframe, against the same FUD out there.