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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.


TSX:GXE - Post by User

Gear Energy Ltd > Shaking energy tree
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Comment by AlwaysLong683on Mar 17, 2023 12:48pm
66 Views
Post# 35345334

RE:RE:Shaking energy tree

RE:RE:Shaking energy tree
Roscoe747 wrote:

Are they?  This sell off is a financial event, not an oil event. US crude storage is up 1.5 mmb while both gasoline and diesel (heat/fuel/jet) are in decline and refinery utilisation is still down at 88%. 

Demand is the outlier and when spring gas/diesel/aspfhalt demand occurs, normal summer refinery utilisation of ~91% will be behind the curve plus product exports to Carib/SA and crude exports will force prices to rise.

Last summer, recreational fuel was not impacted by high prices as consumers sucked it up to enjoy themselves. Will this year be different?  


Was there a recession last year? Because there could be one this year.
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