Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 oilisswellon Jan 04, 2024 1:34pm
106 Views
Post# 35810913

RE:RE:RE:Shorts having to pay the dividend

RE:RE:RE:Shorts having to pay the dividendWhile washtrading likely continues to occur, it has been illegal for a long time. Many firms have been fined for doing so, many have not. A similar but legal type of trade is done by market makers. We see this often with 100, 200, 300, 500 share trades etc. all day long. Generally speaking neither will influence short positions as the trades are closed out by the end of the day. Washtrading on a relatively small market cap share is not likely. Usually a large market cap firm is targeted as the payoff is far greater, worthy of the risk. Market makers, however, happilly trade wherever this is profit to be made, big or small.

I do agree that trading schemes are more and more sophisticatred so as to evade detection. It is difficult to know as the line from legal to illegal is often blurred!

<< Previous
Bullboard Posts
Next >>