NEWALTA CORPORATION T.NAL

Shorts are still a drag and Newalta is at 34% short volume

[EstevanOutsider]

it is a matter of time before they are purged out, until then, they are having fun with this stock.  yes, more coverage is always good.  just don't sell your shares or you make the short sellers rich.  anybody who buys into newalta must do so with the mentality of waiting it out, whether months or a year, the company is improving results q after q, just a matter of oil prices, a little patience and perseverence. 

this past week was the highest short traded volume on the year, increased drastically:
https://shortdata.ca/?c=newalta-corporation-short-sales&sym=NAL.TO

at least someone is starting to pay attention to newalta.  it's a start!

[lastbullrun]

Well said...imo I agree this sp is under pressure. IMO when the turn comes it will be dramatic. During the last downturn the recovery was 20, 30 cents a day for weeks at a time. When people are calling for 130-160 dollar oil again what will Nal be worth? Think that’s crazy, that was already a reality once.

[superalias]

Oil will never break 90 again imho. There is a ton of it in the world, far more than anyone was writing about a decade ago. This January they're unveiling a battery that does 500 miles on a charge an the charge takes 1 minute. In the long term, oil is finished. But in the mid and short term it still has room to recover, specially with the risk premium in the middle east. So for me it's all

[EstevanOutsider]

if you go back over the past couple decades, one can find endless articles about "nevers" that were never supposed to happen or re-happen with oil; I don't think much has changed in 2017 but the pushing narrative for electric cars has been far more intense.   Right now, EVs are not accepted by consumers and have failing targets, even in Ontario where they are heavily

[superalias]

But how can you have oil scarcity when the USA is now a big net producer of it thanks to Shale, and they're finding more spots for wells every day? The technology improvements in oil extraction is what got us here today. Now that we're so close to $60 and so many wells/rigs are viable again, we're going to eventually meet supply. The question is just a matter of when, not if. 

[EstevanOutsider]

1)  US still imports slightly more as of last year then they do export; we can wait for the end of year firm statistics to cast judgement on what 2017 truly was.  Most of the US refiners are still predominatly run off heavier crude and not tight oil, which the US is flooding the market with.  US refiners are mostly not set up to accomodate tight oil.  Even the US SPR is mostly

[compsys68]

EstevanOutsider can you take a look at this page https://www.stockwatch.com/Analytics/Shorts.aspx?action=go&symbol=NAL&region=C (you might need to create a temp ID to see the page) it shows NAL short COVERING... and short down to 280K of shares. I'm not saying your wrong I just am not sure who is right about the outstanding shorts..... any feedback would be helpful

[EstevanOutsider]

in regards to shortdata.ca, i have noticed others questioning the validity of their results. so i would be more inclined to use your source. but i will look into short data further. one common thing i noticed between the two sites was the percentage of outstanding shorts, it was consistent with each other.

[compsys68]

I have confirmed the 280,000 shares short number is correct on three different platforms. Tax loss selling should be the major source of sales currently. If oil can hold here and the company can execute their plans, and use the rigs that are idle, 2018 should be a great year.