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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 Chefboy69on Apr 20, 2022 12:07pm
149 Views
Post# 34616777

RE:RE:IT's go time!

RE:RE:IT's go time!read my post below
yes congrats if you are LONG and up 50%
i am up on SU, sold BRY and have been trading PPR

oil stocks are HOT


Roscoe747 wrote: GXE has already 'popped' but the profit takers, portfolio rebalacers and assorted sellers outnumber the bidders. The bidders are taking full advantage of weak sellers locking in profit (who are in the money, probably 50% or more).

Go to the header and click on 'price history' to see how the entire float will change hands in 2-3 months at this rate. 6 mm shares yesterday and 7.5 mm Monday. That sort of volume (10% of outstanding shares in a week or so) is serious money building positions, not mom n pop rainy day funds.

This volume gives confidence to longs holding for better days. I have no idea what the reasoning is behind this volume except to speculate that free cash flow is being returned to shareholders and, like any possible corporate strategy, news has leaked out in the tight community of secretaries, assorted apparatchiks and barflys that something is happening.



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