With Opec holding the line, the US building its strategic oil reserves, the oil inventory going down, with refinery's buying less becuse of tight margins the Oil price may keep heading higher. With CLL Sp up about 75 cents since the end of March the 8 to 9 million shorts have lost about $5-7 million. I would think some have covered, but with one good NR, maybe 15 wells producing and 8000 bbl/day. Shorts will have to scramble. A scramble would mean about a 60 cent increase. A great NR, like POD 2 Approval would be a stampede and about a $1.00-$1.25 increase.