RE:Resistance at the $5.00 levelthats because ur stupid and shorts are stupid too. Ever since the Baytex JV it shows how silly cheap these light oil plays are. I dont care if theres 35 m shares short, that was last year's story when light oil was at a discount. Short positions are unwinding but they do not want to trigger a squeeze .If a squeeze is triggered this goes to 7. Any other JV , partial sale of light oil by another light oil player forces this to 7 also.
Shorting this is suicide. I think any day now the offers start and theres too many players within that want a peice of these gems. If not look for a US player to makea play.