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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 Sep 27, 2023 1:15pm
66 Views
Post# 35657315

RE:At $90+ oil

RE:At $90+ oilWhat is difficult to understand is why over a million shares were traded on a morning that confirms both the draws thesis and the price of oil rising significantly. Who sells at the yearly low into such positive news?

I see only flippers and wash traders having a final go at GXE. One must bear in mind that even a million shares is only 0.0038 of GXE's float therefore 99.9962 of the float are in safe hands. When one looks at this context of dailt trading, the emotional mountain returns to the logical molehill.
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