PFIE had 3.4m (6.5%) shares shorted as of Dec 31. Insiders control 60% of the outstanding shares and are unlikely to help the shorts cover.
Sept 30, 2014 - Cash $18m, no debt, Net Income $2m, so the company is very unlikely to go to zero. The shorts will need to cover as the stock appears to be putting in a floor.
PFIE is an oil services company which has sold...
Like most oil & gas companies Surge Energy SGY.TO fell sharply today (-15%) and is down by more than 1/2 since the end of November.
The stock looks like it will find support at $2.80, which was tested previously in early 2013.
Current dividend (21%) signals a cut is pending. However, the company has 34% of production hedged at CAD$100 for the first half of...
Argonaut Gold (AR.TO) was removed from the S&P/TSX Index in Dec, adding selling pressure to a prime tax-loss selling candidate. It broke out of the recent downtrend with heavy volume on Dec 19, creating a bullish swing trade set up with a $3 target (82% potential gain). The abnormal volume on Dec 19 was due to final Index rebalancing.
The company now trades...
