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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 lashingon Feb 01, 2023 2:01am
115 Views
Post# 35258670

RE:RE:RE:RE:RE:Why though ?

RE:RE:RE:RE:RE:Why though ?The fact you clearly dont understand the period between taking a loss and buying back legally .... tells me you are not a player.

borne2run wrote: Pierre, I suspect lashing dumped his holdings during the December tax loss sell-off, expecting to re-load at a lower price.  With Gear trading 20% above his exit price, he is becoming desperate.

Bank of America has foecast an average 2023 WTI price of $100.
With one month of trading at an average price of $80, oil will need to spend considerable time trading  above $100 if BofA's forecast proves to be accurate.

Not many make it up to the peak of K2.
The GXE bulls have an army of worriers (like lashing) supporting their climb.

Technically, a weekly close above $1.18 should bring in some momentum players.


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