RE:FYI ..... Inform all your friends A complete waste of time as institutinanal holders routinely allow for their shares to be lent out to short sellers. Shortsellers play a valuable role in provding liquidity. Trican is an exceptionaly well run, great balance sheet and will perform extremely well in 2018. However, as a pure Canada play(zero chance they are alble to acquire FRAC given they have a smaller mkt cap) they must expand out the scope of their service offerings. Would not be allowed to buy Calfrac or Step so they logically will need to add to their coiled tubing capabilities. Buying ESN-Essential Energy Svcs would be the most logical choice. I've spoken with a prominent services analyst who stated that with ESN's patent trial successfuly resolved, zero net debt and improvong fundamentals...they will have a bullseye on their chest. As a lareg holder of ESN, I'd much prefer a Trican buyout as opposed to Calfrac or STEP Energy Svcs.
j_mart wrote:
Q.: What can you do to prevent your shares holdings from being shorted? A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account. There are two things you can do, the first is to certificate them but this is not obviously to everyones advantage but the alternative solution is simple. All you do is to phone your broker or go online to your trading account and put an order in saying that you wish to place your shares for sale at, for arguments sake, double todays price. As they are 'on order' they cannot be lent out by your broker and in turn you are reducing the amount of 'free shares' out there that can be used for shorting purposes. And don't forget to move your limit order up when the price starts to recover, then, that way your shares can't be shorted - not much but helps. Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on. In my opinion well worth doing if not only for the knowledge that your own shares cannot and will not be used in a short attack against the very share that you own.