RE:Short squeeze coming !Frank007 wrote: Baytex would have to by back every share traded. Daily ...that's about 11 milion shares for 4.3 days just to cover the short position....lol ..if you want to put a squeeze on buy some shares here ...that with tick them crooked banksters ...I bought another 8,000 ....just watch and wait they have to buy them back ...!
Already did at a lower price under 3.75$ . Almost 15 mill shares traded to drop the price from 3.85 to 3.5 ( Looks like someone big got out ) . Further 20mil shares traded from Dec 20 - 30 under current prices . There will be selling for thos who made a good 15-20% . They bought back 7 mil .
I think you are right and we may see a pop . My thoughts-- plays b/w 3.8-4.2 till April and 5-6 by YE25 if Oil sits around 74.
Good news is that they bought 48 mil shares in 2024 at $4.5 (6% of float at 20% discount to price paid for Ranger) .