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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 Mar 24, 2023 12:08pm
57 Views
Post# 35358767

RE:RE:RE:Everyone else is up

RE:RE:RE:Everyone else is upAttempting to go long on fundamentals on a +4 beta micro cap is not very astute in the short term. Micros are the very last to experience capital inflows hence the +4 beta high volatility. Until the market responds to a soft recession landing or craters to a hard landing, the volatility will continue.

One point made about demand in a recessionary environment is that historically demand has not collapsed. What has occurred is that demand expansion has gone down, not demand itself. Huge difference.

Even lashing has said he will go long when the circumstances call for it but for now, he is right in the trading call. There is no doubt about the supply deficit and $65 WTI will kill drilling in an inflationary cost and skills shortage environment as well. Demand is the wild card.
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