Long Run Explor Ltd Ord WFREF

RE:RE:shorters dream

[99999gold]

PUNJABI wrote: You did not miss anything which has caused the decline in share price. The whole sector is being shorted based on weak oil prices & outlook.

Actually the short position on this stock is relatively very small. Some oil stocks have much bigger short positions. Even Oil ETFS have much bigger short positions even when they carry a better basket of stocks.

For example XEG big ETF with $707 m in assets holds 60 stocks the top ten stocks are SU,CNQ,CVE,IMO, ECA, CPQ,ARX,HSE, TOU & COS. Other 50 stock are in very small quantity. XEG does not hold LRE.

XEG has a large short position of 21.58 %. In Oct 2014 it was around 37 %. Investors are shorting the entire sector & XEG largest exposure is on the biggest stocks that will survive this down turn.

Short position of LRE under 3 % is nothing & it has a small float. Tou has a short position of 6 %.

When the oil rebounds then shorts of XEG will help repairing some of the damage done to the sector.

Short Positions for XEG

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : XEG	2014-11-30	7,379,204	418,693	34,200,000	21.58
T : XEG	2014-11-15	6,960,511	-1,188,200	34,200,000	20.35
T : XEG	2014-10-31	8,148,711	-4,549,560	34,200,000	23.83
T : XEG	2014-10-15	12,698,271	3,629,211	34,200,000	37.13
T : XEG	2014-09-30	9,069,060	-1,108,400	32,900,000	27.57
T : XEG	2014-09-15	10,177,460	2,596,224	33,500,000	30.38
T : XEG	2014-08-31	7,581,236	-662,805	33,500,000	22.63
T : XEG	2014-08-15	8,244,041	343,877	33,500,000	24.61
T : XEG	2014-07-31	7,900,164	468,928	33,500,000	23.58
T : XEG	2014-07-15	7,431,236	1,474,500	33,500,000	22.18
T : XEG	2014-06-30	6,977,936	1,104,706	34,700,000	20.11
T : XEG	2014-06-15	5,873,230	884,110	34,700,000	16.93
T : XEG	2014-05-31	4,989,120	-329,860	34,700,000	14.38
T : XEG	2014-05-15	5,318,980	393,754	34,700,000	15.33
T : XEG	2014-04-30	4,925,226	896,641	34,700,000	14.19
T : XEG	2014-04-15	4,028,585	70,290	35,500,000	11.35
T : XEG	2014-03-31	3,958,295	-284,408	35,500,000	11.15

punjabi - are the shorts dumb money or smart money? just wanted to get your opinion, they seem to have their day in the sun from time to time.