I don't have the positions, but I think one of our friends in Norway might.
From what I remember about ESO, is that many sensible posters in Norway were saying that it looked like they were naked shorting. I know they have been buying quite a few shares back at the lows.
If it is legit shorting and the position they have is still big, it just creates a potentially huge covering spree once it starts to move.
I'm looking forward to this BAPE report which I strongly believe will calm investors and then on to our horizontals...also the ones from other companies.
Interesting to note how PetrolChina paid Encana $5.4B for a 50% stake in the companies shale field. In the past 6 months China has spent over $10B in Canadian shale. Of course this has to be approved by the government, but nonetheless they are pouring in.
I mean Quebec is sitting on top tens of billions, and our acerage is prime...this is something that will be distinguished between which companies will be getting invested in. A take out of QEC today at $1B would result in $4.50 (off the top of my head)...got to love the cheap SP today if you're looking to buy and specifically hold.
Rocco :)
