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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

Comment by lovehockeyon Nov 14, 2023 3:19pm
99 Views
Post# 35735178

RE:RE:RE:RE:RE:RE:Bottom line...GXE

RE:RE:RE:RE:RE:RE:Bottom line...GXE Means nothing. At once in 2020 ATH was showing 35 millions shares shorted. Then over a short period (less than a motnh) it went to 3 million short shares. 32 million of short shares disappeared even though entire TSX volume for ATH was less then that. These shares were clearly settled outside of TSX. People still don't know what exactly happened however I have a theory that those were fake shorts, part of washtrading schemes. Someone was borrowing shares and was selling them over a long period of time to their washtrading partner, at the same time they were lowering the SP with that volume. However the same shorted shares ended up in the same hands even though they were registering as short. Then they settled when it was convinient to them. In that situation they can always cover as they can always sell these shares back to themselves, just need to choose a right place and right time.  Since then I stopped caring what short share count is - typically it is meaningless. From trading patterns it doesn't appear this is a shorted short. 
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