RE:RE:RE:MASSIVE HYDROCARBONS IN PLACE - shorts are done.....Licensing a well as "tight" has nothing to do with stock exchanges, it pertains to the mandatory release of technical data from any well drilled in Alberta (or other provinces, they have different time frames for data release).
here are some excerpts from the TSX Policy Statement on Timely Disclosure:
Material Information DEFINITION
Material information is any information relating to the business and affairs of a company that results in or would reasonably be expected to result in a significant change in the market price or value of any of the company’s listed securities.
RULE: IMMEDIATE DISCLOSURE
A listed company is required to disclose material information concerning its business and affairs forthwith upon the information becoming known to management, or in the case of information previously known, forthwith upon it becoming apparent that the information is material.
Immediate release of information is necessary to ensure that it is promptly available to all investors and to reduce the risk of persons with access to the information acting upon undisclosed information. Unusual trading marked by significant changes in the price or trading volumes of any of a company’s securities prior to the announcement of material information is embarrassing to company management and damaging to the reputation of the securities market, since the investing public may assume that certain persons benefited from access to material information which was not generally disclosed.
MISLEADING ANNOUNCEMENTS
While the policy of the Exchange is that all material information must be released immediately, judgment must be exercised by company officials as to the timing and propriety of any news releases concerning corporate developments, since misleading disclosure activity designed to influence the price of a security is considered by the Exchange to be improper. Misleading news releases send signals to
the investment community which are not justified by an objective examination of the facts, and may detract from the credibility of the company.
WHEN INFORMATION MAY BE KEPT CONFIDENTIAL
In restricted circumstances, disclosure of material information concerning the business and affairs of a listed company may be delayed and kept confidential temporarily where immediate release of the information would be unduly detrimental to the interests of the company.
I have been involved in many disclosures of material information in the past, sometimes it had an effect on share price, sometimes it didn't, but it always had to be disclosed.
IF THERE WAS AN ACCUMULATION OF OIL 16 KM ACROSS THEY WOULD HAVE TO RELEASE THAT INFORMATION, not just make innuendo about it.