RE:RE:Time to unload some .......Even tough the shorting positions on the stock had some impact on the stock, i don't think it's the primary reason for the trading. This is a pretty obscure small Canadian company which doesn't trade much, so the professional American shorts won't bother with some thing like this. And they usually don't with anything Canadian, unless is a well known mega corporation which operations & influence acrossthe whole US. A good example who be Spotify.
On the Canadian side, shorting isn't really a big thing and the only shorting that was probably done was by the insiders, those close to them and the MM's, for reasons ONLY known to them. So in the end, it's not the shorting that was "maybe" done in the past that should concern you, it's WHO, WHY & WHAT is driving up the stock? Because it's VERY evident, to me at least, that something is going on here. But what exactly is still up in the air. TO? Merger? Divestitures? Spinoffs? A combo of one or two? Certainly some type of transformation. Who knows........but somethig's up.
Imho, even with the most extreme positive scenario, A generous buyout, i don't think this will fetch more than $8 or just a little under it's high for the last few years. At $8 bucks, Kelt is FULLY valued for current energy pricing. So unless there's a blackswan event that pushes oil prices over $100 again, the risk/reward isn't in the favor of holders, and folks should sell some at these levels. It's the smart & prudent thing to do. This isn't the glorious 90's anymore, or even the early 2000's and these O&G companies are in a very different paradigm. And besides these markets are as shaky AF.....and sooo many things can go wrong.
GLTA