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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

Comment by Margin321on Aug 04, 2021 9:39am
129 Views
Post# 33647604

RE:RE:London TXP shorting position update.......

RE:RE:London TXP shorting position update.......
In general a short is something you do to profit from shares that you expect will go down because they are overvalued or becausesome bad news (global, regional or local economy; market; sector; or company specific) is expected.

Sometimes there is a short attack in which there is a coordinated (usually loosely) effort by multiple parties to move the share price lower by shorting it and also issuing negative commentary about the company. The hope is to buy back the shares at a much lower price than they were sold for. It is hard to prove any conspiracy in such cases - everyone has the right to decide that a company has poor prospects. And sometimes negative sentiment feeds on itself (as can positiive sentiment).

A huge short position can amplify an up move if the shares start to move quickly upwards on unexpected or better than expected news. Then all the shorts may want to close those positions by buying shares on the market, and if there are not enough willing sellers the share prices moves up further and faster.
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