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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 Maxmoeon Jan 31, 2024 11:33pm
230 Views
Post# 35856347

I get better lookin each day

I get better lookin each dayAs Mac Davis used to sing. Decades ago. Lord, it's hard to be humble, but as I said a month ago, I picked up GXE at 63 Dec 27th, and topped it of a couple weeks ago at 61. So I'm a bit smug, I'll admit. As I learned 3 years ago it's lonely at the bottom, not the top. No shareholders in the magnificent 7 are lonely, but there surely are only a very few investors buying junior energy stocks at 52 week lows and with very low p/e or p/cf or p/NAV valuations. Heck,the mouthiest are the shorts (good contrarian indicator). I was expecting a bigger January effect pop in gxe but it's up nearly 10%, including the YUGE divy, from the lows of 60/61 so I'm holding for a few more months. Let's see what hope springs forward in a few months as the driving season kicks back in. GLTA. 
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