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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 geezer21on Jan 19, 2023 10:49pm
132 Views
Post# 35234772

RE:Biden finally stop release on SPR..

RE:Biden finally stop release on SPR..Which ever way it goes it is good for for investors.

- Without SPR injections supply will be down
-  With purchases demand will be up

This does nothing to increase production or to satisfy consumption.   It is simply taking oil out of the ground and storing it back in the ground.

It is pent up cosumption. Once used you no longer have it to goose supply.  It has a limited time line. 
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