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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan and Southeast Saskatchewan. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its properties include Celtic/Paradise Hill, Saskatchewan; Wildmere Area, Alberta; Wilson Creek, Alberta, and Tableland, Saskatchewan. The Celtic/Paradise Hill is located within Township 52, and Ranges 23 and 24 W3 and is approximately 40 kilometers northeast of Lloydminster, Alberta. The Wildmere field is located within Townships 47, 48 and 49, and Ranges 3, 4, 5 and 6W4, is approximately 200 kilometers southeast of Edmonton, Alberta. The property consists of approximately 24,325 gross (23,000 net) acres of lands. The Tableland property development is predominately focused on the Three Forks/Torquay formation, with minor production from the Bakken and Ratcliffe formations.


TSX:GXE - Post by User

Post by lovehockeyon Oct 13, 2023 2:57pm
113 Views
Post# 35682780

What can eliminate wash trades

What can eliminate wash trades1. Time. Washtraders are longs. They wash trade a stock down and collect cheap shares. They always will benefit. At some point they will want profits. 

2. Buyback. When  most of the time there is a a third party sitting on the bid side it is very hard to wash trade consistently. 

3. Merge. Gear is small and easy to wash trade with lack of buyers. This is a chicken an egg story. Buyers don't come if they see the stock is easily played and the stock is easily played if there are no buyers. Merge with someone in order to become bigger.

That is it. These are the only options. 
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