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Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan and Southeast Saskatchewan. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its properties include Celtic/Paradise Hill, Saskatchewan; Wildmere Area, Alberta... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > RBC is likely Gear's broker
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Post by lovehockey on Feb 29, 2024 12:03pm

RBC is likely Gear's broker

Monday, Wednesday and today an RBC client (or clients) have bought largest blocks of shares from the bid side. Today for example they already purchased 80k shares. If I had to guess these shares are the ones that will be cancelled. It is a good strategy to be this patient as in this case nobody wants the prices to go too high too quick as the price of oil is not where it is to be doing both divs and buyback.
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