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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan and Southeast Saskatchewan. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its properties include Celtic/Paradise Hill, Saskatchewan; Wildmere Area, Alberta; Wilson Creek, Alberta, and Tableland, Saskatchewan. The Celtic/Paradise Hill is located within Township 52, and Ranges 23 and 24 W3 and is approximately 40 kilometers northeast of Lloydminster, Alberta. The Wildmere field is located within Townships 47, 48 and 49, and Ranges 3, 4, 5 and 6W4, is approximately 200 kilometers southeast of Edmonton, Alberta. The property consists of approximately 24,325 gross (23,000 net) acres of lands. The Tableland property development is predominately focused on the Three Forks/Torquay formation, with minor production from the Bakken and Ratcliffe formations.


TSX:GXE - Post by User

Comment by lovehockeyon Feb 20, 2024 12:39pm
100 Views
Post# 35889134

RE:RE:RE:RE:NCIB math

RE:RE:RE:RE:NCIB mathDividends are usually better for long term holders and buyback for short and medium term holders. Often the companies that pay dividends don't do too great in terms of SP unless they combine divs with buyback. In Gear case as soon as they stopped buying their own shares their SP became under an attack of wash traders. What they do is they overwhelm the stock with trades that always have this downward pressure and the stock constantly slides. I have seen it many times. Interesting thing is that wash traders are usually very long term. They are interested in bringing the share price down as much as they can so they can collect more and more shares at cheaper prices.At some point the market figures them out and the volume becomes non-existant. I have seen it with my other stocks I invested into. At some point Gear will recover nicely but we may talk years. 
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