May. 12 at 5:40 PM
$WTI $610M Gulf of America oil producer. 25.3% short float. 35.9% insider ownership. Stock just
made a new 52-week high while crude oil pulled back 17%.
Run the actual math:
Float: 98.3M shares
Insiders own 35.9% → not selling
Institutions own 37.3% → locked up
True free float: ~26M shares
Short interest: ~25M shares
Shorts are covering against 95% of the actual tradeable float.
These shorts had one thesis — oil goes back to
$60. It didn't. It's sitting at
$93 with Iran still
firing on ships and a 30-nation military coalition that can't get the strait open. The ceasefire
expires in August. Every week that passes, the short thesis bleeds.
WTI sells 100% domestic Gulf of America crude. No Hormuz exposure. Printing cash at these
prices. 7x EV/EBITDA. Management owns 36% — they are not bailing you out cheap.
Stock making new highs while oil pulled back = squeeze has already started. 52-week high is
$4.49. Break that on volume and the covering begins in earnest.
