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Peyto Exploration & Development Corp T.PEY

Alternate Symbol(s):  PEYUF

Peyto Exploration & Development Corp. is a Canada-based oil and natural gas company. The Company conducts exploration, development and production activities in Canada. It is a Canadian energy company involved in the development and production of natural gas, oil and natural gas liquids in Alberta’s deep basin. The Company’s total Proved plus Probable reserves are 5.6 trillion cubic feet equivalent (929 million barrels of oil equivalent) as evaluated by its independent petroleum engineers. Its production’s weight is approximately 89 per cent to natural gas and 11 per cent to natural gas liquids.


TSX:PEY - Post by User

Comment by Maxmoeon Aug 11, 2020 1:36pm
178 Views
Post# 31393659

RE:RE:RE:RE:RE:Short Squeeze

RE:RE:RE:RE:RE:Short SqueezeUmmm.  Not exactly how it works. Shorts do need shares in order to sell them. They borrow them. There is a cost to borrow the shares. They borrow them from custodians like RBC Dexxia, State Street which big pension funds and mutual funds use. The funds get a piece of those fees or pay super cheap custody fees to allow the custodian to lend.  or the shorts borrow from the brokers they do the trades with. Your shares, as a retail investor, can not be used to lend to short sellers unless you have outstanding margin in your account. If you buy cash only, or for a tfsa or rsp, those shares can never be lent to shorts. 
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