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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 Jun 16, 2023 12:03pm
101 Views
Post# 35500293

RE:Average daily volume decreasing significantly

RE:Average daily volume decreasing significantlyAs long as there are no significant draws, the presumed narrative of supply shortages will get no traction. Interest in oil and gas stocks is declining, making stock reratings unlikely. The financial oil market is 30X larger than the physical market and the shorters are in control. If fundamentals do become more important than narratives, the  rerating will be sharp but there is increasing doubt it will occur as Biden threatens more SPR releases and OPEC fragments over losing market share and Russia pumps all out.
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