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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 Jun 16, 2023 12:03pm
116 Views
Post# 35500293

RE:Average daily volume decreasing significantly

RE:Average daily volume decreasing significantlyAs long as there are no significant draws, the presumed narrative of supply shortages will get no traction. Interest in oil and gas stocks is declining, making stock reratings unlikely. The financial oil market is 30X larger than the physical market and the shorters are in control. If fundamentals do become more important than narratives, the  rerating will be sharp but there is increasing doubt it will occur as Biden threatens more SPR releases and OPEC fragments over losing market share and Russia pumps all out.
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