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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 pierrelebelon Aug 04, 2022 10:41am
168 Views
Post# 34870978

RE:What A Mess

RE:What A Mess
"even with Nuttal preaching how great of deals they are no one cares."

Reality check: WTI is trading below US$90 this morning - the lowest since Russia invaded Ukraine six months ago.

Looking at most Canadian producers, including GXE, they generally trade at much higher levels than six month ago when WTI was at US$90.

So things are not as bad as they seem this morning.  Maybe expectations were too high for quick results!  It may take some time to readjust but I expect oil prices to resume their uptrend later this year (after the US mid term elections).

In the meantime Canadian investors can plan a well diversified portfolio consisting of Canadian producers of all sizes - small, medium and large.  Diversification is the key to a safe and prosperous portfolio
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