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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; Wilson Creek, Alberta, and Tableland, Saskatchewan. The Celtic/Paradise Hill is located within Township 52, and Ranges 23 and 24 W3 and is approximately 40 kilometers northeast of Lloydminster, Alberta. The Wildmere field is located within Townships 47, 48 and 49, and Ranges 3, 4, 5 and 6W4, is approximately 200 kilometers southeast of Edmonton, Alberta. The property consists of approximately 24,325 gross (23,000 net) acres of lands. The Tableland property development is predominately focused on the Three Forks/Torquay formation, with minor production from the Bakken and Ratcliffe formations.


TSX:GXE - Post by User

Comment by Roscoe747on May 27, 2022 11:45am
104 Views
Post# 34712285

RE:gear, lets hope

RE:gear, lets hopeYeah, but as lashing says, Gear is like an ATM.

The problem with the swing trade analogy is that swing traders sell high and buy low. If all the swingers are doing the same tactic, who is the continual loser buying high and selling low.

Considering the daily volume, that the general market is still avoiding the oil market and oil investors are fairly canny about market games, I speculate sophisticated algorithms are feeding shares into this swing trade in order to keep a lid on the upside.
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