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 > Why though ?

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Comment by lashingon Jan 31, 2023 7:25pm

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Post# 35258249

RE:RE:Why though ?

yeah but under $80 WTI and GXE cannot cover dividend. Why you keep missing this is a mystery. Back into debt to fund dividend is what cant last forever and so far, oil isnt breaking 80 for well over a quarter

borne2run wrote: Some Insight

1. Stock price is down over 20% from Feb 2022.

2. Stocks of companies generating positive cash flow do not stay in the doghouse / penalty box forever.

3. Anonymous has been scooping up shares lke crazy; Peters & Company were buyers in the 105 area.

4. Month end window dressing.

5. Solid Technicals - double bottom (Dec / July), quick 20% gain, then backing and filling to allow the large players to load up.

IF the price for Canadian oil co-operates, Gear could gain 40% from current levels by Memorial day.