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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 JTDOUBLEon Dec 26, 2022 10:41pm
124 Views
Post# 35192139

RE:Bullish

RE:Bullish

craigs1960 wrote: Triple bottom rsi oversold macd turning positive after 40 day down trend think I'll ride the wave up now

 

Rsi at 52 , long way to climb to about 80 about 28 points to get into overbought area . . 

A good sign to those who wanted to average's down .. i did given the technical and fundamentals of oil ..It could be wrong however the probability on upper hand is much greater than the downside at this point of analysis.. 110 wti we see it back to 52 weeks high or if re rated 3 bucks .. imo .. just do your own DD !!

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