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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

Post by lovehockeyon Sep 05, 2023 4:03pm
238 Views
Post# 35620537

Owners of GXE are for the long haul

Owners of GXE are for the long haulOn a day like this there is only 1 million shares traded should tell you something. Majority of large shareholders are not day trading these shares, we only see a tiny portion of shares available for purchase. That explains why they had to stop the buyback - it drove the share price too high too quick. You can't even day trade this thing as you can't buy anything reasonable without dr8ving this stock 4-5%. I wonder if there is a plan to just go private as with 100 dollar oil this is just a money printing machine.
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