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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 AlexPKeaton89on Apr 19, 2021 11:29pm
196 Views
Post# 33027120

RE:RE:Nuttall on Twitter today...

RE:RE:Nuttall on Twitter today...BackinBlack1000 - This should be the last week for the cleaning out of the debentures. They need to be converted by friday at 32c and it is finished on Monday. I would think all who are converting (and you'd have to be a fool not to as it's easy money) have already converted and are selling some (if not all) right away. About half the float now has traded at / around the 50c range so lots of new holders and shares in stronger hands. Impossible to predict when the selling ceases or when they decide to sell on the way up instead of capping it here. If oil continues to be strong and we see this strength on the bid, I'd be surprised to see it here much longer. Reality is when it does pop and if volume continues, investors are going to be chasing it. Lots of catalysts in the next few weeks with expiration of the debentures, Q1 on May 5 and Eric Nuttall's upcoming appearance on bnn. So far he is giving teasers on GXE...soon enough he's going to claim it as a top holding and pick. Few oil stocks with these known cataylsts on the short term horizon....esp for a stock being held back.
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