Baytex Energy Corp T.BTE

Waiting for that short report 7-15...can't wait

[BayStreetWolfTO]

I feel it's going to be juicy with the recent volatility.

Short selling analysis BTE et al

Reference https://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/consolidated-short-position-report.aspx

https://www.tsx.com/

For perspective I do feel shorting has a purpose. For those curious feel free to read this....
https://www.investopedia.com/terms/s/shortselling.asp

That said I would like to see the short % drop and feel this is a nice upside data point for the company.

Here is some perspective and it's not just BTE there are other mid/small cap oil impacted but others less so.

Stock/Short%

First for data point a couple large caps.
Imperial Oil 0.7%
Canadian Natural resources 0.9%
Suncor 0.8%
Cenovus 0.8%
So as you can see many companies have a shirt position.

While results with mostly drive BTE short position is a positive data point

Stock/Short%

Baytex 4.5%

But they are not the only ones.. mid and small cap have felt pressure on those betting against them.

Crescent Point 3.9%
Birchcliff 3.8%
Vermilion 3.0%

However if BTE can get back to say

Stock/Short%

Whitecap 0.6%
MEG 1.1%
Tourmaline 1.0%

This gives Baytex good pricing torque with WTI driving up

[BayStreetWolfTO]

Now we play the game of chicken. OPEC + news on the weekend with shorts scrambling Monday morning or do we have a stay of execution for the shorts for a little bit more.