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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 Iliveinavanon Jan 17, 2024 1:53pm
138 Views
Post# 35831755

RE:RE:And another new low

RE:RE:And another new lowThat goes without sying of course, and I'm still holding 220k shares at an .82 average, and at this point I don't intend to sell. My point being though is that, while these things take time, making an announcement at the end of September and cementing uncertainty over the company for the next several months with crickets doesn't seem to be the best approach...why make the announcement at all...just proceed with the initiative. The longer this goes, the more over hang there will be unless a synergy is announced. Was the blackout initiated by the company or a regulatory requirement ?...if self induced then they are handcuffing themselves by leaving a NCIB and insider purchases on the table at these share prices....it doesn't make sense.


lovehockey wrote: In general investing is not for weak minded. I am not saying you are but there comes low points and high points and you have to be calm about both of them. In my life I daytraded hundreds of stocks but long I went only with several and with my patience they made me millions even though there were very low points with all of them. Gear I sense will be another fairly long term investment that will make me a lot of money.



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