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Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited and private subsurface and surface leases with individual landowners. It is focused on onshore oil and natural gas properties located in southern Trinidad. With interests in approximately 145,000 net working interest acres of core exploration and development rights. Its core focus is on exploration and development on the Ortoire block and development production on its five onshore lease operatorship properties (CO-1, WD-4, WD-8, Fyzabad, and Balata East).


TSX:TXP - Post by User

Post by Proseleneson Jul 02, 2021 9:42am
216 Views
Post# 33481369

Short position in London is 9 Millions shares shorted

Short position in London is 9 Millions shares shorted
The comments on CREST and loaning of stock refers to London TXP shares.

June 2021 figures now out.


TXP Stock on Loan (Shorts) from Euroclear

Jan 2021____0.52%
Feb 2021____1.23%
Mar 2021____7.14%
Apr 2021____8.65%
May 2021____8.79%
Jun 2021____8.74%

So still roughly the same level.

I should make it clear as I was mistaken by this, it is actually the Stock On Loan from CREST. So all your nominee accounts, how much is being loaned out from CREST.

In the case of TXP - there was average 103M stock held in CREST in June 2021 and 8.74% on average was loaned out.

So that means the short position is around 9M shares.

So everyone, YOUR SHARES, held in CREST by your broker, may well be being loaned out (at a fee) to the shorter !!!!!

Yes, you are paying them to hold your shares and they are then loaning them out to shorters for a nice fee.

YOU SHOULD -

Contact your broker and ask them for a yes/no answer whether they loan out shares that are held on CREST.

If they say no and put it in writing, fair enough.

If they do not answer, or pint to the small print of your terms and conditions, or say yes.......... MOVE YOUR SHARES TO ANOTHER BROKER !!!!!!!!
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