LGX Oil + Gas Inc ROAOF

Energy Oil & Gas E&P

LGX Oil & Gas Inc is a junior oil and gas company. The company is engaged in the acquisition, exploration, development, and production of oil and gas properties. Its projects are in Southern Alberta. The company invests in all types of energy business-related assets, including petroleum and natural gas-related assets, gathering, processing, and transportation assets located in Western Canada. LGX is dedicated to delivering growth in reserves and production for its investors through land acquisition, exploration, and development of oil and natural gas resources.

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LGX Oil + Gas Inc

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Comment by Kel2on Mar 04, 2005 11:31am

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Post# 8695627

RE: Definition of Cross Trade - Investopedia

That would be an off the floor transaction and has nothing to do with the crosses that were done yesterday. Any trade that has the same firm on both sides is commonly referred to as a cross. Yesteday's trade by Canacord, due to the size of the trade, would be assumed to be institutional in nature. Nothing illegal about it at all. The job of an institutional trader, if given a large sell or buy order, is to try and find the other side of the trade. That's how they make their commission. If they can't find a buyer or seller to deal with the order they feed the sell in to the market or gradually accumulate if it is a buy order.

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