29 million Shorts just don't leave without reason. Oil prices were still low when they left. There is a reason. There is a deal. Huge volume without increase in share price is natural when shorts left. But now that they have left for a reason, and large volumes still ongoing with oil price increases without a share price increase means a deal has taken place.
i imagine a deal with stat oil to take a tax loss by releasing shares to market in huge volumes as ATH buys them back guareenting a large tax loss for Stat oil last year. Stat oil has agreed to finance a new deal and implement a royalty deal like Stat oil had before. This allows them to exit tar sands. Make money going down and up and a royalty they expected before. Brilliant if this is what happened.
Stat drives price down by shorting unlimited shares. Takes tax loss. Then Stat and ATH gets rid of stat shorts, refinances debt, ATH buys back 10% of shares as they announced last year. Compensate directors, get ready for the massive stock increase the min it's done. Stat gets tax loss, royalty they expected to get when previously selling, they maintain 50,000,000 million shares that will explode in price after deal is announced. Allows them to rid of oil sands which is a mandate. ATH doesn't announce until all shares are bought back. Shorts leave for a reason.
Makes total sense. But I did say Trump would allow price to run up price larger in lame duck period or attack Iran which hasn't happened.