Post by
jmcoil on Jul 09, 2013 12:25pm
Shorts
Anyone have access to a report on shares short.
The way this has traded especially with a big up day the one day the US markets were closed makes me think some idiot is aggressively shorting. If so they have done a masterful job of keeping the price in check with downward pressure.
Not sure how much longer that will work. Price of oi, tripling of production, ongoing dividend and sooner or later new fields makes that very risky. Likely will wind them up soon or risk getting burnt badly.Just speculation on my part as to the shorting but seems likely.
Comment by
pistolpete96 on Jul 09, 2013 1:29pm
With the pitiful volume over the past several months, IMO nobody is doing anything agressively with this stock. The whole Canadian junior oil sector is going nowhere. I don't think anybody is shorting. They're just not doing anything.