ESTE

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Chena47
Posts: 16
Joined: Tue Apr 27, 2010 9:31 am

ESTE

Post by Chena47 »

Many here like ESTE. It appears ESTE is 90% owned by institutions and 17.8% short interest. Why is the short interest so high?
Fraser921
Posts: 3012
Joined: Mon Mar 22, 2021 11:48 am

Re: ESTE

Post by Fraser921 »

One of four scenarios:

- Traders hedging their commodity long position with a offsetting short position in baskets of EP names

- Sellers of assets that sold to este got cash and stock. They like the cash more than the stock. So they short the stock to protect their sell price?

- Global Warming?

- Paper traders?
dan_s
Posts: 34637
Joined: Fri Apr 23, 2010 8:22 am

Re: ESTE

Post by dan_s »

ESTE has already announced strong production growth in Q4 and they will announce very strong financial results for Q4 on March 8 . Hang tough.
Dan Steffens
Energy Prospectus Group
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