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Bullboard - Stock Discussion Forum Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s):  ECAOF

Eco (Atlantic) Oil & Gas Ltd. is a Canada-based oil and gas exploration company with offshore licensed interests in Guyana, Namibia, and South Africa. The Company operates a 100% working interest in the 1,354 square kilometers (km2) Orinduik Block in Guyana. The Orinduik Block is situated in shallow to deep water (70m-1,400m), approximately 170 kilometers (km) offshore Guyana in the Suriname... see more

TSXV:EOG - Post Discussion

Eco (Atlantic) Oil & Gas Ltd > There Must Have Been A Buyer Lined Up
View:
Post by argaiv on Aug 27, 2021 4:22am

There Must Have Been A Buyer Lined Up

Someone could not dump over 2 million or 5 million shares, whatever amount traded, without crashing this stock.  This stock trades so thinly that the price would have crashed more than it did.  Interesting day when all of those shares sold off.
Comment by Harel1976 on Aug 27, 2021 7:06am
What happened is the bigger fish or should i say the sharks took advantage of the gap in canada to drop the sp and trigger stop loss orders to buy in cheap, then took in london the next morning a 210k pound order at the dip, now recovering in london and waiting for the monday morning rns and the orinduik drilling update in the coming weeks. Same practice was used just before the joe results.
Comment by Harel1976 on Aug 27, 2021 7:15am
https://oilnow.gy/featured/canje-block-writing-the-next-chapter-of-guyanas-exploration-success/
Comment by IceDog13 on Aug 27, 2021 9:24am
I guess I should thank the shark then. I did take advantage and picked up more shares.
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