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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 Nov 28, 2023 10:03pm
99 Views
Post# 35757775

RE:Sold my shares today

RE:Sold my shares todaySo something/someone is "going nowhere" ? Now you'll figure out, after the fact of course, that almost every oil stock dropped since you bought GXE at 85. Because they all drop when oil drops. Now, whatever you buy will go up if oil goes up and only if oil goes up. You might think that proves you were right to sell gxe because now you're making money. But go back and look what GXE did from this morning at 65. Heck it's already up almost 5%. Tax loss selling makes sense if you have taxable gains from your nVidia stock, but beware of jumping to conclusions. We all did that when we were younger or newer to investing. Good luck. 
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