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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

Post by lashingon Mar 09, 2023 9:42pm
426 Views
Post# 35329700

anyone all in on energy is going to lose

anyone all in on energy is going to loseI have less than 20% invested. Money market accounts pay at least 4% right now to store cash.

Energy is going to hit a wall with the recession. The risk is REALLY high that we'll see bargain basement panic selling this year. Its kinda funny to watach people sweating these yo-yo days. Wonder how they will sweat a massive crash. Oil stock never escapes a stock crash, its generally first and fastest to fall. 

thats when I'll pull out the remaining 80% for long haul hold. 
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