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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 Roscoe747on Jun 02, 2022 11:30am
95 Views
Post# 34726621

RE:at least we are being PAID to hold

RE:at least we are being PAID to holdYes, it's frustrating but these trading algorythms are designed to both sell and buy at lightning speed and siphon off a penny from slower bidding platforms ie: you. Playing the swing trade at the retail level is very risky and the chap posting about how much money he makes at it is likely trying to make it from you. There is a reason GXE is trading 2.5 million share per day average and it isn't due to investors.

Pick good stocks with good management and let them do their jobs in order to make your profits from the physical oil market. Do not listen to the 'noise' and be tempted to swim with sharks. The financial oil market is 50 times bigger than the physical oil market. The physical market sells oil and books a profit while the financial market trades promises on bits of paper for a dollar and then trades these bits of paper back and forth to see who ends up with that same dollar. It's basically a legal scam run by very well dressed pickpockets.


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