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Bullboard - Stock Discussion Forum Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

Tourmaline Oil Corp. is a Canada-based crude oil and natural gas exploration and production company. The Company is focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. It operates in three basins, which include the Alberta Deep Basin, NEBC Montney Gas/Condensate and Peace River Triassic Oil... see more

TSX:TOU - Post Discussion

Tourmaline Oil Corp (Alberta) > Dislike Shorters & Hedgd Funds shorting
View:
Post by integrity11 on Apr 18, 2024 1:06pm

Dislike Shorters & Hedgd Funds shorting

My pet peeve is how the shorters and hedge fund are able to work together to bring down the price of NG and oil producers with very few shares traded   . I took notice of Tou trading only 199,500 shares at a price of $64,95 approximately  15 minutes ago . 15 minutes later only 207,900 shares have been traded with current price of $64.70. So shorters have been successful in bringing down the share price .25 cents with only trading 8400 shares. I believe it is likely fund managers directly commmnicating via text/messaging with the purpose of bringing down price.
Comment by startenout on Apr 21, 2024 12:14pm
@ integrity11, there are two types of shorts that happen, one form is legal and the other is not. To really understand the problem of the illegal one there is a series of videos that delve into how it is done, who is doing it, the cost to the average investor and also touches on the enormity of the problem and also why it is extremely hard to fix. Each video is about an hour long and pays ...more  
Comment by integrity11 on Apr 22, 2024 12:23pm
Thank you, Startenout. I will read them. I believe there is a lot of shorting in the oil and NG sector that illegal or corrupt, but I don't know exactly how they do it .
Comment by startenout on Apr 22, 2024 3:08pm
If you watch the videos I posted and really pay attention to what they are telling you in the videos , you can start to connect the dots and pay paticular attention when the describe what a wash trade is and how it is used. It is quite interesting once you see how it can be done. This is one of the cases they had a hand in litigating and is refrenced in one of the videos.    https://www ...more  
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