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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 Sep 27, 2023 1:15pm
85 Views
Post# 35657315

RE:At $90+ oil

RE:At $90+ oilWhat is difficult to understand is why over a million shares were traded on a morning that confirms both the draws thesis and the price of oil rising significantly. Who sells at the yearly low into such positive news?

I see only flippers and wash traders having a final go at GXE. One must bear in mind that even a million shares is only 0.0038 of GXE's float therefore 99.9962 of the float are in safe hands. When one looks at this context of dailt trading, the emotional mountain returns to the logical molehill.
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