Gear Energy Ltd T.GXE

Alternate Symbol(s): GENGF

Energy Oil & Gas E&P

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.

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Gear Energy Ltd > sentiment and hype

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Comment by JTDOUBLEon Jul 13, 2022 1:38pm

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Post# 34821344

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:sentiment and hype

Chefboy69 wrote: exactly....the current future contracts are not a proper gauge for the price of oil
the price we see is simply traders working to earn a living and has NOTHING to do with the actual price

we are saying the same things just in a different way

Roscoe747 wrote:
It is estimated that the global economy can still function at $150 - 180 oil. After that, look out. The oil price falling under $100 is not a function of the physical market.

Agreed.. right now China still somehow in a lockdown , once they open up with their stimulus in place you see oil run again ..

Given the daily oil import of China of 10 millions barrels daily..

2021 crude imports averaged 10.26 mln bpd, -5.4% on yr

Dec imports highest since March as refiners used up quotas

2021 natural gas imports jump 20% to record