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Bullboard - Stock Discussion Forum Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

Energy Oil & Gas E&P
Tourmaline Oil Corp. is a natural gas producer, which is focused on producing natural gas in North America. The Company is focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. It operates in three basins, which include the Alberta Deep Basin, NEBC Montney Gas/Condensate and Peace River Triassic... see more

TSX:TOU - Post Discussion

Tourmaline Oil Corp (Alberta) > Waiting for shorts
View:
Post by SadieLadyCO on Jan 25, 2024 3:08pm

Waiting for shorts

to start covering..I dont think the will untill $60 - $61
Comment by GunnerG on Jan 25, 2024 8:50pm
If they wait until $60 - $61 are they not losing money not selling at say $58. I thought shorters borrowed shares when the price is high to sell them at those high price.  Then when the stock price goes down, they buy at the low price to return the shares they borrowed.  I could be wrong.
Comment by Eastbank on Jan 25, 2024 9:20pm
You are correct...selling short which moves the share price down and then at some point buying back at a lower price to generate a profit. There needs to be a trigger...like declaration of a special dividend or very favourable company news...that drives the price back up, thereby causing a "short squeeze " whereby the shorters scramble to buy in order to cover their position...and the ...more  
Tourmaline Oil Corp (Alberta)