Gear Energy Ltd T.GXE

I think, i will sold too

[sylvain_007]

I am tired, this title not mooving in the good way. May be this company have some problems that we don't know!

[navajojoe]

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[Roscoe747]

The counter party in this arrangement is Brevet Energy, a private company that rejuvenates old fields. Brevet is unlikely to have the financial capacity or the operational capability to satisfy the AER that they can complete the required rehabilitation. While Brevet may specialize in this type of activity, they may have to transfer smaller portions of the field and rehab them to satisfy the AER

[navajojoe]

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[Roscoe747]

Yeah. There isn't enough information about this deal to create any sort of opinion on it except to say that at $US122 WTI, there may be a way to squeeze a few more barrels out at a profit. I suppose Gear isn't keen to do workovers but if Gear can't pawn the field off on Brevet, they might as well try to lower their abandonment costs by involving Brevet. Companies like Brevet specialize

[navajojoe]

This post has been removed in accordance with Community Policy

[Roscoe747]

I do not have any data on this field but if it's on flat ground, removing (and selling) infrastructure, cementing the casings, soils testing and remediation, recontouring and rehabbing topsoil isn't that expensive.

[geezer21]

Most of the oil plays today shot up to an interaday high then fell back from there.  They all did this in sympathy with the stock market.

[Luckyeleven]

Some did some didn't, about 50% or more of  oils were green today by quite a bit. Still doesn't change the fact GXE has been going backwards the last week with oil climbing. I see a lot of misinformation getting posted here as if it will help the share price. The stock simply isn't trading well and it is what it is. CPG WCP BTE VET SU ARX OBE YGR GTE CJ SGY TAL BNE TGL TVE all

[CandyC]

That 30% lag can disappear quick

[CandyC]

That 30% lag can disappear quick

[mattressstash]

It sure can, might be 60% within a week.

[Luckyeleven]

Yes anything can happen and that's why I'm here as well as I do know the company well. That still doesn't change the fact opportunities were lost holding GXE and even adding to it. I never get married to a stock and not willing to tie up my money and let it become dead money. I am a patient sort so I will wait for now but don't have much patience for BS and folks pumping or bashing

[geezer21]

Those stock ended in the green but if you check the charts you will see a spike up to an intraday high and they all closed down from there.  They all started falling back around noon when the S&P went into decline. 

[Luckyeleven]

So what? Did GXE not under perform again today which it's been doing way too much for my liking lately. You have to also look at what those stocks did the last week whle finishing green today while GXE has showed no strength. I guess i don't see the point of your intial post.

[jake12116]

Hopefully we get price rerated from dividend increases & share buy backs 

[geezer21]

"So what? Did GXE not under perform again today ..." GXE behaved in the same way as all the other oil stocks did today.  GXE's stock movement was not unique to GXE.  Just about all the stocks spiked up to an intraday high then closed down from there.ll If you look at the charts you will see a piercing wick (candle stick terminology) coming out of the top of the body of

[CandyC]

WTI $122 today. Gear has a break even at $37.  Pumping about 5800 bod. Basically $500,000 added to the balance sheet today.  April WTI average was $101. Debt free at the end of April.  May WTI average $109. $72 profit per barrel. $12 million profit for May. May newsletter a week or so away  LOOK OUT!!!! Q2 should be blockbuster. 

[Roscoe747]

You don't have to be the Oracle of Omaha to see the manipulation when a stock, range bound to a dime, is trading 4-5 million shares a day. Think about it. If every 'winner' has a counter party'loser', would the counter party not stop throwing $ away? The simple solution to this question is that if an entity is both selling and buying at large volumes, they do not expose

[mugs19]

Good post Roscoe747. Patience is the motto here. I have four O&G stocks with Gear being my smallest position. It's the only one that hasn't moved in the last month or two & I'm actually down a few pennies but so what. It's obvious that there is some sort of control happening with the share price by the big boys. I've got lots of patience with Gear, if it takes a year