Waiting for that short report 7-15...can't waitI feel it's going to be juicy with the recent volatility.
Short selling analysis BTE et al
Reference https://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/consolidated-short-position-report.aspx
https://www.tsx.com/
For perspective I do feel shorting has a purpose. For those curious feel free to read this....
https://www.investopedia.com/terms/s/shortselling.asp
That said I would like to see the short % drop and feel this is a nice upside data point for the company.
Here is some perspective and it's not just BTE there are other mid/small cap oil impacted but others less so.
Stock/Short%
First for data point a couple large caps.
Imperial Oil 0.7%
Canadian Natural resources 0.9%
Suncor 0.8%
Cenovus 0.8%
So as you can see many companies have a shirt position.
While results with mostly drive BTE short position is a positive data point
Stock/Short%
Baytex 4.5%
But they are not the only ones.. mid and small cap have felt pressure on those betting against them.
Crescent Point 3.9%
Birchcliff 3.8%
Vermilion 3.0%
However if BTE can get back to say
Stock/Short%
Whitecap 0.6%
MEG 1.1%
Tourmaline 1.0%
This gives Baytex good pricing torque with WTI driving up