Bullboard - Stock Discussion Forum PENN WEST PETROLEUM LTD. T.PWT

Energy Oil & Gas E&P

"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015,... see more

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PENN WEST PETROLEUM LTD. > Short squeeze

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Post by makedonka on Jun 25, 2017 11:08am

Short squeeze

"With short positioning increasing, is a short squeeze in the making waiting to happen?

"Bottom-line: Oil bears are getting daring again piling on short positions. Data from the last 2 1/2 years show that each time combined short positioning in oil and gasoline surpassed 40% of open interest, a short squeeze takes place. We think with energy equities near 2016 lows, a new field of ideas opened up, and that's where we will be paying attention to."

https://seekingalpha.com/article/4083704-weekly-oil-markets-recap-shorts-pile-back-market?app=1&isDirectRoadblock=false

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