Baytex Energy Corp T.BTE

WTI ~$80+ ...tough to believe the short position went up...

[BayStreetWolfTO]

 

UPDATE! BTE Short Report INCREASE Sep 15-Sep30!!! WOW!

 

This is amazing news for another share price run and some great torque!

Average short traded price $3.15....deep in red and urgency to cover growing!

Shorts added to their position between Sep 15-Sep 30!!

Wait for Q3/Q4 results!!! As I have said in the past the shorts are helping provide great price torque....I would not want to be short with results coming soon!

Short position Aug 31 - 22,186,348

Short position Sep 15 - 22,380,069

Short position Sep 30 - 23,046,469

 

Wow!

[ethomps]

 Can you please provide your source that states the average short price. At just over 4% of the float shorted, how does this compare to its oil peers?

[BayStreetWolfTO]

Hi ET, IRROC publishes reports twice a month including  1. Short Sale Trading Statistics Summary 2. Consolidated Short Position Report Reference: https://www.iiroc.ca/sections/markets/reports-statistics-and-other-information/short-sale-trading-statistics-and-reports 1. Short Sale Trading Statistics Summary Baytex Row 413 H413 = Short Traded Value = $102.871M F413 = Short

[temeraire]

Your lense is too narrow or you're looking too closely at your unrealized gains.  Shorts are very often a part of a hedged trade.....