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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Post by lovehockeyon Oct 13, 2023 2:57pm
148 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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