RE:Short data and year end One only needs to look at slide 7 of last corporate presentation. Dividends and
stock price movement more or less matching up to Edmonton light price; simple as that. Short interest movements create swings but those not indicative long term trend. All E&P are out of favor due to energy environment and more so Canadian one. The capex plan to be announced this month will show what BNE is prioritizing this year. I gather till April (Iran sanctions, OPEC mtg and Alberta curtailments main impact expiring) nothing will waiver current course of dividend as wait and see approach and recoup of recent downturn cash flow on bank line (likely 3-6 months to recover that and thus far 2 months in div scale back). This year has added Provincial and Fed elections along with 22 Feb deadline for Transmountain further info. It is a year with many unknowns and China trade tensions / further economic deceleration. Canada, Venezuela, OPEC and Libya doing their part for now so critical is US shale; what will they bring to growth table...that will be the mystery question; really would like if they worked behind scenes together like a cartel.