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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 NobleHouseon May 04, 2024 3:49pm
194 Views
Post# 36023462

Gxe looking good

Gxe looking goodDispite oil prices been down and even the majors suffering , GXE is holding its own and increasing.This company is going against the flow , so why is that.It wasn't that long ago a lot of advocated at that time that CJ was a winner and that's where he was putting his money.ng time poster , l believe Sclarda was his name stated GXE was toast along with all the losers who Invested in it.He advocated CJ as a winner for those who knew how to invest.Newsalert Sclarda , your $7 plus stock is now $6.86 and GXE which was only .63 cents is now .72 cents an 13% increase from your doom and gloom , so much for your top picks and past ones as well.VET ,HOT  just to name a few real winners you put everything into. Now if GXE mgmt don't succomb to the financial engineering of buybacks , totally useless in my opinion but increased the dividend from ,.5 of a cent per month to ..75 of a cent you could put a 1 in front of the share price as it would help validate the quality small cap it is.Guess what a full reinstatement of the 1 cent would be.The result a big SP increase for all of us and just maybe the Buybacks Boys who look to the pie in the sky with zero guarantees , just might learn something and the power of dividends reinvested over time.Probably not as they are more than likely just traders and renters , not real investors.Good strategy but when it doesn't work , they are the losers holding the bag.
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