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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.


TSX:GXE - Post by User

Gear Energy Ltd
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Post by JTDOUBLEon Jul 15, 2022 11:02am
120 Views
Post# 34827005

SPR artificially bloating the supply..

SPR artificially bloating the supply..SPR been releasing 1 million barrel per day for a while artificially increasing the oil supply ..SPR look like from 727 millions reserve just about over 500 millions plus left ..however the strategy by artificially bloating the supply is not sustainable..in a band aid solutions..

SPR has to be bought back again at much higher price I suspect..

Physical oil inventory still in deficits in spite China lockdowns ..

China exporter of 10 millions barrels daily , So just do your DD ..

Facts are pointing towards at higher oil price ..


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