Fuel prices continue to dropEIF does very little hedging, so this drop in fuel prices
has to be a unexpected gift.
This huge cost saving must be making the shorts nervous.
Only about 70k shares traded on TSX today. Another 60K
traded on the various other dark pool exchanges.
This tells me that the shorts are starting to cover using the
dark pool exchanges. They don’t want to show that type of volume
on the TSX.
Approx Over 3 million shares short in the U. S. And another 1 million
short on TSX. Good luck buying those back without sending the stock
to $45.00