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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 685.40+1.2%Jan 21 4:00 PM EST

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To: Cogito Ergo Sum who wrote (47674)4/4/2012 4:26:14 PM
From: Johnny Canuck  Read Replies (1) of 69946
 
It looks like they covered CPG.T and PSN.TO in part 2 of the afternoon Market Call segment on BNN.CA.

Guest said there is 1 million shares of PSN.TO short, up 250,000 this month. Most of it seems to be short from $15.

I am not sure the EPA process will delay drilling by much if the price of oil stays high. If anything it should accelerate the rate they develop technology to deal with the issues that the EPA has. Part of the issue is more the amount of gas they are burning to get to the oil if I understand the issues properly. It may just mean they need to pump the gas back in the cavity left when the oil is extract inside of just burning it off. That would increase the cost.
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