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WesCan Energy Corp V.WCE

Alternate Symbol(s):  GPIPF

WesCan Energy Corp. is a Canada-based junior public resource company. The Company is engaged in the business of oil and gas exploration, development and production with oil and gas operations and property interests in Alberta, Canada and Texas, United States of America. It is focused on exploration and development of light oil and liquids-rich natural gas opportunities in Alberta and Saskatchewan. The Company’s assets are comprised of 100% operated, oil-weighted properties characterized by multi-zone oil reservoirs with low declines that include a number of low risk, multilateral horizontal development drilling locations. The Company focuses on pursuing and evaluating strategic acquisitions with synergistic characteristics of long-life producing assets and opportunities with low risk and upside potential.


TSXV:WCE - Post by User

Post by Roddiggition Mar 09, 2021 12:18pm
119 Views
Post# 32753140

Short Seller Doubling Down Or Confused Shareholder?

Short Seller Doubling Down Or Confused Shareholder?On March 4th, someone showed a short position for 425,000 shares. Well if you look at the house positions over the last few weeks, the only house it could of been was RBC(425k sold). When the stock price hit 8 cents yesterday, that exact second, a market sell order from RBC came down again to 6 and kept the price there. Today RBC sold down to 4 cents, which doesn't make sense when the price was climbing because oil prices are higher and production is about to increase. If it's the short seller increasing their position, they will be squeezed out once the placement closes and things progress here. If it's just some old shareholder, why keep doing market orders when you can clearly get a higher price for your shares, it's stupidity. The short seller theory makes more sense, we will find out soon.
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