Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s): GENGF

Energy Oil & Gas E&P

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil... see more

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TSX:GXE - Post Discussion

Gear Energy Ltd > Oil futures wti back $120 !!

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Post by JTDOUBLE on Jun 05, 2022 8:02pm

Oil futures wti back $120 !!

Oil bulls and fundamentals still intact ..

With NE 25 millions shares out not much selling pressure now !!

Time to load more here before tge May update !!

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Comment by Luckyeleven on Jun 05, 2022 9:32pm

Sure didn't look like that last week from a high of 1.73 to 1.59 on some pretty heavy volume. Seems to be lots of resistance around this level. May update should be very good onw would but so was April and the stock went down about 20% before it rebounded. I'm bullish but know that anything is possible from here. The press release today is vague at best with no details as far as price fo ...more

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Comment by itsalie on Jun 06, 2022 9:27am

what is Friday's BS?? fwiw Nuttal dumped it from his fund Nutals thoughts https://www.bnnbloomberg.ca/market-call/eric-nuttall-discusses-gear-energy~2456643

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Comment by Luckyeleven on Jun 06, 2022 9:31am

Just the trading action with WTI hitting 120. Basically GXE traded higher at 110 WTI and just see no reason for this selloff. Seems it's carrying over into todays open.

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