Enbridge Inc T.ENB

Short position

[Puma1back]

Interesting how in the last 2 weeks up to this deal the short postion popped almost 20% - going from 47 million to 55 million.

so they shorted 10% of the number to be issued in the bought deal - average tsx price during those days was $47 - so $3 spread from bought deal cover shares

[PuerSimia]

It's common practice leading up to a financing. One of the purposes for allowing short sales in fact - lowers the risk of losing money on the deal, according to those who support the practice. I'm not a fan of it, but just saying.

[Experienced]

Huh???? The fact of the matter is that when deals like this are negotiated there are many people who are "in the know".  This ranges from people in the various lawyers offices to staff at the companies who are drafting up the agreement.  So most of the time, select few get advance knowledge of the deal and then act accordingly which could involve shorting the stock. The rules