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Bonterra Energy Corp T.BNE

Alternate Symbol(s):  BNEFF

Bonterra Energy Corp. is a Canada-based conventional oil and gas company with operations in Alberta, Saskatchewan, and British Columbia. The Company operates through development and production of oil and natural gas in the Western Canadian Sedimentary Basin segment. Its operating areas include Pembina Cardium and other areas, which include Saskatchewan and Northeast British Columbia. The Company is focused on the development of the Pembina and Willesden Green Cardium lands within central Alberta. It has Shaunavon properties in the Chambery field, which produce medium density crude oil from the upper Shaunavon formation under waterflood. It also has assets in the Prespatou area of northeast British Columbia, which consists almost entirely of natural gas and associated natural gas liquids. It also has an undeveloped Charlie Lake asset that is prospective for light oil in Bonanza, Alberta. The Company has over 116 net sections of contiguous land in the light oil prone Charlie Lake.


TSX:BNE - Post by User

Bullboard Posts
Comment by sportstermathewon Aug 13, 2019 8:30am
35 Views
Post# 30021104

RE:RE:kicking and screaming

RE:RE:kicking and screaming

I do not think it is the short position that matters unless it is like 10,000,000 shares out of 33 million.  If the stock turns, slowly, a short position I believe can only come about from an up-tick trade.  At least when I was a floor trader:

The uptick rule states that you cannot sell a stock short on a down tick. You must wait until the price of the stock you are looking to sell short has an uptick before you can enter your trade. In theory, this rule is supposed to reduce dramatic bear runs on stocks that are fueled by short sellers."

as per google

So, say profits start to turn, stock buyback, div increase, all of the above, and people start to push the stock higher, each time on the uptick many more are then sold short.

This is when it starts to take hold and forces more shorting, however, the tide has turned, then and only then do they start to panic and have to cover their positions or risk huge losses.

Talking about the SHORTS is a waste of time unless in the right market for the longs:

One question I have though, is when the dividend is paid, do they cover the dividend too?  so if the dividend went up to 10c all of a sudden that could eat into any potential profits at some point in the future.  I knew this but some may need to know:


"If an investor is short a stock on record date, he is not entitled to the dividend. In fact, he is responsible for paying the dividend to the lender of the stock. Investorsshort a stock if they expect it to decline in value. Shorting a stock is essentiallyselling it and then buying it back at a future price."

CNN reported the wrong numbers for China and the US percentage of World GNP this morning, but at 34 trillion dollars for 2018 it is almost equal to the rest of the world.  If they stop trading with each other then it won't be good.



 

Bullboard Posts