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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 Roscoe747on Mar 24, 2023 12:08pm
74 Views
Post# 35358767

RE:RE:RE:Everyone else is up

RE:RE:RE:Everyone else is upAttempting to go long on fundamentals on a +4 beta micro cap is not very astute in the short term. Micros are the very last to experience capital inflows hence the +4 beta high volatility. Until the market responds to a soft recession landing or craters to a hard landing, the volatility will continue.

One point made about demand in a recessionary environment is that historically demand has not collapsed. What has occurred is that demand expansion has gone down, not demand itself. Huge difference.

Even lashing has said he will go long when the circumstances call for it but for now, he is right in the trading call. There is no doubt about the supply deficit and $65 WTI will kill drilling in an inflationary cost and skills shortage environment as well. Demand is the wild card.
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