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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 Maxmoeon May 31, 2023 2:16pm
101 Views
Post# 35473101

RE:RE:RE:RE:RE:Increased my share count by 1.07%

RE:RE:RE:RE:RE:Increased my share count by 1.07%

I get it hockey guy. It's not just you. What does it matter what your average cost is? Or his? Or mine? Sounds like he's trying to bait you. From my time in the mutual fund world I learned my "average cost" becomes a meaningless , irrelevant, historical data point. In that world, you're marked to market every frickin day. It's as if your "cost" is whatever it closed at yesterday. It makes even less sense for me to care what cost anyone else has. We also all learned the hard way, a long time ago, that worrying about paying capital gains tax is a mugs game. Oh the multimillionaires I knew who had ntl stock and options but "couldn't" sell because of all the taxes they'd have to pay. So, yeah, forget average cost, forget capital gains tax. Focus on the price today, and what target you have for 3;6;12 months. 

full disclosure, I haven't owned gear for about a year. Nothing negative to say about it. Just can't own them all. 

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