About Data...Here is a quick resume of data for 19 energy stocks cies.
| Security Issue Name | Security Symbol | Nbr. Shares short june 30th | Net Change | % Short Inc. June 15 to june 30 | Reduce Sh. $ june 30 - july 16 |
| CRESCENT POINT ENERGY CORP. | CPG | 21 153 250 | (1 354 507) | -6% | -24,1% |
| CGX ENERGY INC. | OYL | 260 318 | 225 426 | 646% | -21,1% |
| GEAR ENERGY LTD. | GXE | 215 632 | 94 494 | 78% | -20,0% |
| VERMILION ENERGY INC. | VET | 4 673 960 | (107 761) | -2% | -18,8% |
| CARDINAL ENERGY LTD. J | CJ | 1 258 212 | 536 559 | 74% | -17,8% |
| OVINTIV INC. | OVV | 3 175 456 | 113 436 | 4% | -17,1% |
| ATHABASCA OIL CORPORATION J | ATH | 2 402 627 | 314 672 | 15% | -16,3% |
| CENOVUS ENERGY INC. | CVE | 17 345 719 | 926 858 | 6% | -13,8% |
| ENERPLUS CORPORATION | ERF | 3 538 854 | (951 570) | -21% | -13,5% |
| MEG ENERGY | MEG | 3 496 486 | 99 184 | 3% | -13,2% |
| BAYTEX ENERGY CORP. | BTE | 25 056 904 | (210 977) | -1% | -13,0% |
| TAMARACK VALLEY ENERGY | TVE | 532 987 | 148 362 | 39% | -11,3% |
| SUNCOR ENERGY INC. | SU | 11 421 871 | (1 322 219) | -10% | -10,8% |
| CANADIAN NAT RES | CNQ | 7 659 993 | (2 878 117) | -27% | -9,2% |
| FREEHOLD ROYALTIES LTD. | FRU | 2 032 043 | (191 799) | -9% | -8,8% |
| WHITECAP | WCP | 4 271 907 | 473 783 | 12% | -8,6% |
| BIRCHCLIFF ENERGY LTD. | BIR | 8 052 443 | (1 996 337) | -20% | -8,1% |
| CREW ENERGY INC. | CR | 1 126 308 | (44 076) | -4% | -2,3% |
| ENBRIDGE INC. | ENB | 72 841 579 | (3 263 341) | -4% | -0,06% |
You are able to see short position ending june 30th and % of change during the last 2 weeks of june in shorts position.
Remember short is a trend that may increase or decrease depend how the market react !
Sound interesting to see for the 1st 2 weeks of july, if shorters buy back their shares or try to short more !?
May conclusion, they buy back their shares !!!
As you can see Baytex was not the worst collapse !
With Q2 around the corner with for my own calculation over 120M$ of FCF and with positive Earnings around 500M$,(impairment adjustement) we may see a huge increase in volume and share price !
Especially if buyers still convince the energy sector, may reach upper level !
BTW, see below, the variation of the $ of the WTI between june 30th and july 16... only -2,2%.
But as Longs knows, buyers always emotional and afraid of any speculative news and shareholders amplify the volatility which is not to agressive as you can see !
The index also down 10,2%
T:XEG - ISHARES S&P/TSX CAPPED ENERGY INDEX ETF | | XEG | WTI |
| 30-juin | 9,04 $ | 73,23 $ |
| 16-juil | 8,12 $ | 71,65 $ |
| | -10,2% | -2,2% |
Only my O !