Twin Butte Energy Ltd TBTEF

Huge short covering

[PUNJABI]

The big pop last month from around $1.64 to $1.94 was massive short covering.

Now the short position has dropped to 2.6 million shares only. In May the short position has gone up to 10.1 million shares.

This stock is traded by intituional traders because it has lot of liquidity. Volume is usually very high.

Recently the volume has dropped & the stock seems to be drifting.

Short covering took place at an average price of $1.875 the largest buyer for this period was Canaccord, Credit Suisse USB ITG CIBC. Hard to say they houses were going long or short covering. Trades can come from different accounts & may baybe there was some short covering & long buying.



Short Positions for TBE

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : TBE	2014-08-31	2,664,344	-3,133,227	348,464,467	0.76
T : TBE	2014-08-15	5,797,571	-492,573	348,464,467	1.66
T : TBE	2014-07-31	6,290,144	-608,900	348,078,992	1.81
T : TBE	2014-07-15	6,899,044	1,580,840	347,621,661	1.98
T : TBE	2014-06-30	5,318,204	-901,368	345,804,441	1.54
T : TBE	2014-06-15	6,219,572	-756,442	345,372,316	1.80
T : TBE	2014-05-31	6,976,014	-3,201,927	345,372,316	2.02
T : TBE	2014-05-15	10,177,941	1,494,569	345,071,217	2.95
T : TBE	2014-04-30	8,683,372	496,658	345,071,217	2.52
T : TBE	2014-04-15	8,186,714	269,569	344,753,682	2.37
T : TBE	2014-03-31	7,917,145	-164,979	344,753,682	2.30
T : TBE	2014-03-15	8,082,124	516,892	344,520,642	2.35
T : TBE	2014-02-28	7,565,232	996,953	343,079,562	2.21
T : TBE	2014-02-15	6,568,279	78,016	343,079,562	1.91
T : TBE	2014-01-31	6,490,263	84,571	343,079,562	1.89
T : TBE	2014-01-15	6,405,692	561,151	343,079,562	1.87
T : TBE	2013-12-31	5,844,541	301,846	342,099,518	1.71
T : TBE	2013-12-15	5,542,695	150,082	342,099,518	1.62
T : TBE	2013-11-30	5,392,613	350,468	341,969,430	1.58
T : TBE	2013-11-15	5,042,145	-3,250,261	341,969,430	1.47
T : TBE	2013-10-31	8,292,406	1,135,374	252,059,154	3.29
T : TBE	2013-10-15	7,157,032	1,698,858	251,616,965	2.84
T : TBE	2013-09-30	5,458,174	188,505	251,616,965	2.17
T : TBE	2013-09-15	5,269,669	1,204,143	251,242,633	2.10
T : TBE	2013-08-31	4,065,526	444,494	251,242,633	1.62

House Positions for C:TBE from 20140818 to 20140831

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
33 Canaccord	9,367,063	17,684,291	1.888	5,161,427	9,726,225	1.884	4,205,636	-7,958,066
72 Credit Suisse	586,918	1,092,651	1.862	68,169	129,236	1.896	518,749	-963,415
15 UBS	352,084	656,459	1.864	9,762	18,278	1.872	342,322	-638,181
14 ITG	280,360	515,815	1.84	400	748	1.87	279,960	-515,067
79 CIBC	3,467,411	6,491,341	1.872	3,293,131	6,170,387	1.874	174,280	-320,954
53 Morgan Stanley	283,700	529,353	1.866	134,000	251,386	1.876	149,700	-277,967
39 Merrill Lynch	1,162,676	2,174,738	1.87	1,026,026	1,922,288	1.874	136,650	-252,450
19 Desjardins	136,225	251,304	1.845	35,783	66,292	1.853	100,442	-185,012
99 Jitney	338,400	633,324	1.872	240,100	450,201	1.875	98,300	-183,123
16 Paradigm	255,700	481,330	1.882	158,300	296,038	1.87	97,400	-185,292
101 Newedge	114,948	214,281	1.864	19,018	35,007	1.841	95,930	-179,274
200 Acumen	59,190	109,130	1.844	0			59,190	-109,130
65 Goldman	54,905	105,223	1.916	2,267	4,236	1.869	52,638	-100,987
59 PI	42,095	79,554	1.89	0			42,095	-79,554
27 Dundee	54,900	100,872	1.837	23,400	42,120	1.80	31,500	-58,752
42 Global Maxfin	31,000	55,490	1.79	0			31,000	-55,490
90 Barclays	265,600	496,372	1.869	235,300	444,976	1.891	30,300	-51,396
44 Jones Gable	28,700	53,941	1.879	0			28,700	-53,941
3 AltaCorp	316,300	593,197	1.875	292,700	550,330	1.88	23,600	-42,867
13 Instinet	198,100	373,025	1.883	177,400	333,557	1.88	20,700	-39,468
77 Peters	501,630	921,219	1.836	482,272	897,972	1.862	19,358	-23,247
31 D&D	15,000	28,200	1.88	0			15,000	-28,200
22 Fidelity	18,589	34,491	1.855	7,949	14,833	1.866	10,640	-19,658
62 Haywood	21,800	40,999	1.881	13,001	23,791	1.83	8,799	-17,208
66 Pope	5,000	9,150	1.83	0			5,000	-9,150
143 Pershing	23,310	43,433	1.863	20,000	36,999	1.85	3,310	-6,434
36 Latimer	3,355	6,233	1.858	400	756	1.89	2,955	-5,477
28 BBS	3,018	5,652	1.873	840	1,580	1.881	2,178	-4,072
70 Manulife	2,000	3,760	1.88	0			2,000	-3,760
56 Edward Jones	4,025	7,565	1.88	3,100	5,828	1.88	925	-1,737
95 Wolverton	587	1,056	1.799	11	19	1.727	576	-1,037
57 Interactive	250	470	1.88	0			250	-470
23 State Street	0			8	14	1.75	-8	14
123 Citigroup	100	180	1.80	133	248	1.865	-33	68
64 Octagon	0			4,000	7,560	1.89	-4,000	7,560
21 Pavilion	0			6,502	11,638	1.79	-6,502	11,638
68 Leede	50	94	1.88	7,601	14,465	1.903	-7,551	14,371
89 Raymond James	28,631	53,315	1.862	40,496	75,609	1.867	-11,865	22,294
83 Mackie	3,000	5,670	1.89	33,001	59,131	1.792	-30,001	53,461
25 Odlum	2,200	4,080	1.855	40,005	74,008	1.85	-37,805	69,928
58 Qtrade	25,547	47,609	1.864	65,515	123,888	1.891	-39,968	76,279
124 Questrade	76,384	143,944	1.884	167,278	317,461	1.898	-90,894	173,517
80 National Bank	855,661	1,596,241	1.866	1,032,638	1,932,939	1.872	-176,977	336,698
88 Credential	13,162	24,799	1.884	238,725	450,507	1.887	-225,563	425,708
2 RBC	835,289	1,561,684	1.87	1,078,558	2,020,930	1.874	-243,269	459,246
85 Scotia	336,620	628,905	1.868	603,644	1,132,252	1.876	-267,024	503,347
74 GMP	15,558	28,357	1.823	441,356	801,898	1.817	-425,798	773,541
9 BMO Nesbitt	586,658	1,090,273	1.858	1,219,467	2,275,563	1.866	-632,809	1,185,290
7 TD Sec	1,820,406	3,391,782	1.863	3,285,522	6,133,314	1.867	-1,465,116	2,741,532
1 Anonymous	2,305,900	4,310,847	1.869	5,230,800	9,827,191	1.879	-2,924,900	5,516,344
TOTAL	24,900,005	46,681,699	1.875	24,900,005	46,681,699	1.875	0	0