Twin Butte Energy Ltd TBTEF

CIBC only main seller today

[PUNJABI]

If you take out sales of CIBC then there were very few other sellers. Basically the damage to the share price was done by one large seller.

CIBC was hitting the bids all day & put lot of pressure on the stock. Most oil stocks sold off & TSX remained under pressure all day. In the last two days because of Alberta elections oil stocks have come under pressure & did not react to the spikes in oil prices.

Usually oil stocks track the price of crude oil. But today HFT were running trading programs which were tracking the TSX index & not the price of oil. At one time during the day WTI was over $62 when the inventories came out but oil stocks kept on dropping with the tsx index. Eventually WTI gave up most of todays big gain.

It seemed the some were selling the stocks because of NDP win.

I am wondering if CIBC sold a long position or was shorting the stock. If he has shorted the stock then he will have to cover it one day.

House Positions for C:TBE from 20150506 to 20150506

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
7 TD Sec	683,645	588,592	0.861	144,800	124,735	0.861	538,845	-463,857
53 Morgan Stanley	114,500	98,135	0.857	0			114,500	-98,135
1 Anonymous	370,000	316,405	0.855	277,500	239,725	0.864	92,500	-76,680
85 Scotia	252,197	216,417	0.858	215,800	185,713	0.861	36,397	-30,704
2 RBC	226,014	193,706	0.857	195,134	167,489	0.858	30,880	-26,217
39 Merrill Lynch	19,500	17,255	0.885	0			19,500	-17,255
58 Qtrade	21,518	18,413	0.856	5,400	4,610	0.854	16,118	-13,803
101 SG Capital	22,500	19,210	0.854	7,500	6,440	0.859	15,000	-12,770
124 Questrade	26,925	23,765	0.883	14,075	12,224	0.868	12,850	-11,541
59 PI	11,000	9,460	0.86	0			11,000	-9,460
28 BBS	11,000	9,730	0.885	1,700	1,517	0.892	9,300	-8,213
19 Desjardins	9,940	8,987	0.904	1,000	880	0.88	8,940	-8,107
9 BMO Nesbitt	227,125	198,177	0.873	221,000	186,565	0.844	6,125	-11,612
57 Interactive	2,500	2,128	0.851	0			2,500	-2,128
143 Pershing	2,000	1,737	0.869	0			2,000	-1,737
36 Latimer	1,100	959	0.872	0			1,100	-959
22 Fidelity	500	435	0.87	0			500	-435
90 Barclays	21,000	18,055	0.86	25,500	21,470	0.842	-4,500	3,415
15 UBS	3	2	0.667	5,640	4,991	0.885	-5,637	4,989
14 ITG	0			6,019	5,155	0.856	-6,019	5,155
89 Raymond James	19,140	16,651	0.87	25,727	22,272	0.866	-6,587	5,621
99 Jitney	49,500	42,136	0.851	58,500	50,115	0.857	-9,000	7,979
77 Peters	0			9,500	8,170	0.86	-9,500	8,170
88 Credential	950	793	0.835	10,500	8,775	0.836	-9,550	7,982
74 GMP	0			10,000	8,600	0.86	-10,000	8,600
33 Canaccord	4,500	3,840	0.853	18,000	15,495	0.861	-13,500	11,655
80 National Bank	112,900	96,970	0.859	127,963	114,203	0.892	-15,063	17,233
13 Instinet	2,000	1,760	0.88	18,500	15,940	0.862	-16,500	14,180
10 FirstEnergy	0			47,500	41,325	0.87	-47,500	41,325
65 Goldman	0			89,003	76,261	0.857	-89,003	76,261
79 CIBC	446,210	384,381	0.861	1,121,906	965,429	0.861	-675,696	581,048
TOTAL	2,658,167	2,288,099	0.861	2,658,167	2,288,099	0.861	0	0