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Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Energy Oil & Gas E&P
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... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > EIA reported 7.49 millions barrels drawdowns..
View:
Post by JTDOUBLE on Mar 29, 2023 12:42pm

EIA reported 7.49 millions barrels drawdowns..

  • Crude Inventory -7.49M Barrels vs 608K Expected
  • Cushing -1.63M
  • -2.9M vs -2.17M Expected
  • Distillate 281K vs -1.84M Expected
Comment by 2021Gamble on Mar 29, 2023 2:37pm
Result is total stocks down 10.7mb... With production at 12.2mb and imports at only +0.741mb Quite nice, and to be expected as the season of draws is upon us Cheers folks
Comment by lovehockey on Mar 29, 2023 4:36pm
Things will get worse in terms of inventories. Biden depleted US SPR by 35%. These things are unprecedented. The whole world is moving to non USD trade including Saudis. Countries have woken up and don't want to support US dollar printing machine that weakens their own currencies. We will see a major shortage of energy very very soon.
Gear Energy Ltd
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