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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 Luckyelevenon May 25, 2022 6:39pm
209 Views
Post# 34707662

RE:RE:RE:RE:Insider Buy

RE:RE:RE:RE:Insider BuyNot always true and it depends on many factors. The stock hit 1.94 and look at it now. How many times did it go to the 1.6's and then back down. Just recently down to 1.37 or so and hit 1.5 today. You could have swung traded GXE many times over the last 3 months. You may not see 1.94 again this year. Very rarely does a stock take off when you don't have an opportunity to re-enter. There is many ways to trade, hold, sell or buy long so it's all about your objectives. The stock seems like it's consolidating and has been stuck for a while now with a trading range of about .20. The company announced a debt free position and went from 1.66 down to 1.37 so it's up to each individual to decide how to play this. I agree that all signs are showing for a higher price down the road but like the saying says two birds in the hand.....
I have made a few swing trades with this and still hold a large position and have gained around .32 in those trades which helps when the stock is stagnant or goes down. There is no right or wrong way to meet your objeitves if they happen. We all have our own style so blanket statements aren't wise imo. 
So far there has been no waving done with GXE but lots of money could have been made swing trading especially since the volume is there to trade some decent size blocks. 
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