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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 geezer21on Jun 08, 2022 9:47pm
111 Views
Post# 34742289

RE:RE:RE:RE:RE:I think, i will sold too

RE:RE:RE:RE:RE:I think, i will sold too
"So what? Did GXE not under perform again today ..."

GXE behaved in the same way as all the other oil stocks did today.  GXE's stock movement was not unique to GXE.  Just about all the stocks spiked up to an intraday high then closed down from there.ll

If you look at the charts you will see a piercing wick (candle stick terminology) coming out of the top of the body of the candle stick.  I keep 38 of them open on a computer and watch them all.

When the stocks closed back down from the intraday high some closed in the red, some stayed in the green, and some were unchanged at days end.

Most of the movement in oil stocks today was initially on the rise in the price of oil but when the S&P sank after noon time, overshadowing the rise in the oil price, so did the oil stocks pull back.

GXE moved into the green at the start then pulled back later just like all the other stocks to end the day down just 2 cents.

The movement in GXE's stock price today was not particular to anything about Gear.  The breadth of GTE's stock movement was constrained only 8 cents from a low of 1.55 to 1.63. 




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