RE:60 dollar oil The price should move up from here with oil prices where they are and still ticking upwards.
That being said, it won't be because of a short squeeze. Short interest for SU is currently less than 1% of shares outstanding on both the Canadian and US sides. Taken together, short interest is around 1.5%
According to to last consolidated short position report from IIROC short interest was 12.5 million shares (Jan 31, 2021)
| Security Symbol | Exchange Code | No.Shares | Net Change |
| SU | TSX | 12,521,871 | (5,904,681) |
Keep in mind, SU has about 1.53 billion shares outstanding
On the US side, last reported was 11.27 million shares shorted as of Jan 29, 2021
Cnavigator wrote: I smell a short squeeze coming.....