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Bullboard - Stock Discussion Forum 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... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > Small minded investors just exited the chat
View:
Post by lovehockey on Jul 27, 2023 10:30am

Small minded investors just exited the chat

Ok, so we have approximately 4 million shares sold to drive the stock down to 89 cents over slashed dividend. That represents approximately 2% of all GXE shares. What can I say - good riddance. Please never come back. If you were there only for 1 cent dividend and decided to sell an absolutely healthy company that made a dynamic decision to improve its balance sheet in a short term - you do not deserve to own this company. Gear will balance back nicely with everything considered. Selling it first day after the announcement is irrational. Waiting when it settles and regains its strength would have been much smarter.

At the end of the day we will gain much smarter investors who see the value in this company.
Comment by Reachme on Jul 27, 2023 10:43am
Good post
Comment by lashing on Jul 27, 2023 11:10am
If you were capable of seeing anything you would have sold yesterday and bought back in today making a nice 10% gfor yourself in 24 hours. But you didnt because you didnt and do not see a dran thing. YOu argued in fact with those that did see this coming. You argued they were fools, idiots etc ....nope. Thats you. And here you are still arguing. I can only point and laugh at this point. Tried to ...more  
Comment by Roscoe747 on Jul 27, 2023 3:14pm
I sold on Monday at $1.01 because GXE has declared the divvy safe till the end of 2Q/23. The fact are such that GXE needs to prove up new areas. Their tuck-in land purchases suggest sooner rather than later. The rise in the WTI benchmark and subsequent Tues close at $1.04 gave me some qualms but I went with the fundamentals. I stink bid a full position at $.90 last night and got filled. My better ...more  
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