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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 08, 2022 11:28pm
206 Views
Post# 34742485

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

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

You don't have to be the Oracle of Omaha to see the manipulation when a stock, range bound to a dime, is trading 4-5 million shares a day. Think about it. If every 'winner' has a counter party'loser', would the counter party not stop throwing $ away?

The simple solution to this question is that if an entity is both selling and buying at large volumes, they do not expose themselves to counter party risk. The motive for this zero sum game, of course, is to convince traders to sell their shares and move on to the next shiny object.

Without the generalist investor, the retail oil community doesn't have either the firepower or the data horsepower to thwart this ploy. The only option, other than selling, is to sit and out wait the pickpockets. Patience, patience, give management a chance to execute guidance and show us the Q2/22 numbers.

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