Victoria Oil & Gas: Fundamentals & Valuation Summary

Its common knowledge that the bond holder has been heavily shorting these over the past few months to hedge their risk so that they would cover their loss by their short position as the price falls. Correct me if i am wrong. This has nothing to do with any future expectations, pure risk managememt and whilst this has been going on it has been crazy to buy in heavily. The charts are suggesting that the selling may have abated slightly as we approached the high 50's. Nobody appears to have commeneted yet on the other scenario. If the wells turn out to be highly commercial surely all these shares will have to be bought back fairly quicky or they could lose a packet as the price rises? Imagine the squeeze this could create along with all the others on the sidelines pilling in at the same time.. Good news next week should mean no need for future hedging and therefore selling by the bond holders imho...