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Bullboard - Stock Discussion Forum 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... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > Washtraders have 1 month to live here
View:
Post by lovehockey on Feb 06, 2024 2:10pm

Washtraders have 1 month to live here

Before NCIB kicks in. Once you have Gear money sitting on the bid side you can say bye bye to all the washtrading they did here for the past year and a half here. The trading patterns will change drastically, mark my words!
Comment by NotThatBright22 on Feb 06, 2024 2:32pm
Again with the "wash trading", a SP of .65, average vol of <500,000 daily shares and a mk cap <200 million. Really...?
Comment by lovehockey on Feb 26, 2024 2:23pm
So are the washtraders dead or playing possum for the time being. Come on, sell to those who want the shares! 
Comment by lovehockey on Feb 26, 2024 3:17pm
Nope, not dead. Buybacks only happen on TSX. Guess where majority of shares traded today? Hint - not TSX https://www.stockwatch.com/Quote/DetailM.aspx?C:GXE
Comment by Maxmoe on Feb 26, 2024 4:23pm
I don't recall. Did they mention which broker was handling the buyback? It's always just one broker that is selected and disclosed to the tsx. If they didn't mention in a press release or on a call, they shouldn't mind just telling you if you ask. That'll make it easier to track if you want. I'm content, sort of, to impatiently wait each month for the sedi filing of how ...more  
Comment by lovehockey on Feb 26, 2024 4:26pm
They only mentioned it will be handled via TSX so I assume they can't do buyback on any other exchanges.