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 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

Gear Energy Ltd > Trying to break out to new highs

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Post by PUNJABIon Jan 27, 2022 10:16am

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Post# 34366344

Trying to break out to new highs

Yesterday the stock had a big volume of 5.3 m and was up close to a new high but at the end of the day, oil stocks gave up their gains and so did. GXE. This stock seems to trade with other oil stocks. 52 Week high is $1.16 it is getting close to that. Today or in a few days it is trying to go over that provided the oil does not sell-off today. It is important that new highs are supported by good volume. In about one hour the volume is over a million shares with institutions using Anonymous leading the charge.

This stock will trade with other oil stocks and the price of oil.

The stock has a small short position but has been slightly going up in the last two reporting. Nothing serious total shorts are 2.7m about 1% of the float.

House Positions for C:GXE from 20220127 to 20220127

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
1 Anonymous	610,700	698,178	1.143	481,856	551,925	1.145	128,844	-146,253
79 CIBC	205,800	236,223	1.148	88,200	101,029	1.145	117,600	-135,194
53 Morgan Stanley	37,000	42,470	1.148	0			37,000	-42,470
39 Merrill Lynch	33,400	37,990	1.137	10,100	11,573	1.146	23,300	-26,417
9 BMO Nesbitt	34,000	38,790	1.141	21,400	24,396	1.14	12,600	-14,394
33 Canaccord	72,700	83,095	1.143	60,500	69,150	1.143	12,200	-13,945
14 ITG	5,811	6,571	1.131	2,104	2,395	1.138	3,707	-4,176
65 Goldman	200	227	1.135	0			200	-227
5 Penson	108	123	1.139	0			108	-123
88 Credential	0			7,500	8,505	1.134	-7,500	8,505
124 Questrade	2,200	2,486	1.13	10,000	11,500	1.15	-7,800	9,014
28 BBS	20,000	23,000	1.15	30,000	34,200	1.14	-10,000	11,200
80 National Bank	8,141	9,286	1.141	29,110	33,116	1.138	-20,969	23,830
2 RBC	21,000	23,990	1.142	48,965	55,777	1.139	-27,965	31,787
85 Scotia	22,302	25,464	1.142	61,450	70,608	1.149	-39,148	45,144
7 TD Sec	43,041	49,233	1.144	265,218	302,952	1.142	-222,177	253,719
TOTAL	1,116,403	1,277,126	1.144	1,116,403	1,277,126	1.144	0	0

Short Positions for GXE

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : GXE	2022-01-15	2,732,649	157,688	259,339,866	1.05
T : GXE	2021-12-31	2,574,961	1,724,461	259,339,866	0.99
T : GXE	2021-12-15	850,500	540,486	259,117,666	0.33
T : GXE	2021-11-30	310,014	-145,251	259,117,666	0.12
T : GXE	2021-11-15	455,265	87,004	259,117,666	0.18
T : GXE	2021-10-31	368,261	11,250	258,299,166	0.14
T : GXE	2021-10-15	357,011	-38,534	258,299,166	0.14
T : GXE	2021-09-30	395,545	-16,397	258,299,166	0.15
T : GXE	2021-09-15	411,942	207,463	258,299,166	0.16
T : GXE	2021-08-31	204,479	84,505	258,103,266	0.08
T : GXE	2021-08-15	119,974	-37,567	258,103,266	0.05
T : GXE	2021-07-31	157,541	-398,176	258,103,266	0.06
T : GXE	2021-07-15	555,717	340,085	257,737,566	0.22
T : GXE	2021-06-30	215,632	94,494	257,737,566	0.08
T : GXE	2021-06-15	121,138	-133,630	257,737,566	0.05