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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

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 recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Comment by sportstermathewon Jun 26, 2021 11:43am
235 Views
Post# 33456050

RE:Typical GXE

RE:Typical GXEYou have no idea what you are talking about.

Daily trading has absolutely nothing to do with the company itself.

Every stock I was looking at almost in oil and gas was down yesterday.

Either it was a major fund selling or reducing percentages due to the major growth in these positions paring back for quarter end.  Or a major recommendation to reduce weightings.  Always hard to tell these things, but it does not last long.

If you own the stock, then buy more and push it up.

One risk I do want to point out, as I am 100% in oil and gas, never on margin, is if the Saudis decide to do something such as raise production levels they may have ways of shorting the markets all over the place, and or the Russians and Chinese.

Our markets are at their mercy now and maybe forever.
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