Comment by
auburn2 on Mar 29, 2017 4:11pm
It's one of the least shorted stocks on the TSX. At last read, just 0.01% of shares were short: 18,500 on over 336 million shares. This explains the underperformance today. No shorts getting nervous and needing to cover. Heavily shorted stocks are outperforming as oil sentiment shifts from negative to positive.
Comment by
jagsfan2 on Mar 30, 2017 9:44am
Thx. Still not a lot of buying interest , as oil rises. They do appear to spend a lot of cash getting heavy oil up but they do have massive reserves according to an independent assessor.