RE:RE:RE:RE:Shorts are still a drag and Newalta is at 34% short volume But how can you have oil scarcity when the USA is now a big net producer of it thanks to Shale, and they're finding more spots for wells every day? The technology improvements in oil extraction is what got us here today. Now that we're so close to $60 and so many wells/rigs are viable again, we're going to eventually meet supply. The question is just a matter of when, not if.
But even within that you have to figure NAL is undervalued. More activity means more work for them.