Correlation with WTI vs shorting25 Feb 2021 11:03
Whilst people may feel that TLW has been severely hampered by the "evil shorters" of this world, comparisons with the recent GME episode are a bit far fetched. shorttracker.co.uk shows roughly 7% short on TLW (https://www.shorttracker.co.uk/company/GB0001500809/) where as GME, prior to it's explosive gains, had short positions in excess of 120%. Therefore the "short squeeze" was all the more epic in it's propulsion.
With TLW, I would suggest it would be better to consider the movement in WTI than basing the recent rises on the eradication of short positions. Most platforms allow you to graph a stock vs WTI, look at the correlation between both and then decide for yourself what you think the main driver is.
I don't think the reddit style "to the moon" noise is appropriate here, as long as crude continues to rise, so will TLW and conversely, should it begin to fall again.... so will TLW.
Long term holder here, still waiting to break even but it's close. Fingers crossed WTI gets over $100 in the next few months, just in time for the pubs to open!
GLA.