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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

Post by lovehockeyon Jun 12, 2023 11:07am
107 Views
Post# 35491521

New US tactic - wash trade SPR at a loss

New US tactic - wash trade SPR at a lossUS government came up with this new tactic. Sell SPR to drive down the prices while at the same time refilling the SPR at slightly higher prices. That is telling me that they will be implementing this tactic from now on and that will buy them some additional time.This is actually brilliant and I have to give them credit for that. It will definitely buy them more time to extend their ability to keep the prices lower than what they should be.
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