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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 25, 2023 3:38pm
151 Views
Post# 35360497

RE:RE:RE:RE:RE:Nuttall

RE:RE:RE:RE:RE:NuttallInteresting data, mas. The price of oil is reacting to financial events and, as you suggest is over reacting. Inflation is coming down, recessions are more managable with banking controls, interest rates will come down with inflation etc.

Nobody has any answer but my speculation is that volatility will create opportunity for the pendulum to swing back as the momentum for low oil prices diminishes. As always, the market will over react, creating more uncertainty.
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