Gear Energy Ltd T.GXE

Alternate Symbol(s): GENGF

Energy Oil & Gas E&P

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

Gear Energy Ltd > CEO sold 7.3% in one trade

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Comment by Roscoe747on Dec 28, 2022 3:18pm

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Post# 35194158

RE:RE:RE:CEO sold 7.3% in one trade

So what? As long as an insider maintains the weighting demanded by the BOD for their position, insiders may dispose of their compensation as they see fit. Options are a component of an insider's compensation. While undue selling will indicate problems, stock market restrictions on selling during certain events may force executives into selling during a window of opportunity rather than a market opportunity.

Buying in the public market with their own money is a mark of committment, There are a multitude of reasons to sell but only one reason to buy.

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