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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 lovehockeyon Jun 18, 2024 7:49pm
182 Views
Post# 36095119

RE:RE:Large shareholders run this show

RE:RE:Large shareholders run this showI don't think you fully understand my point of view. Large shareholders are not interested in share price increase in the near future. If they did there would be a switch to a buyback. $1.3 million monthly can buy a lot of Gear shares monthly. Instead they are ok with the stock prices toiling where they are. They are likely doing their own buyback by buying cheap shares with the dividends. Think abouts it, if you play a really long game that is what you do, you increase your share every month without worrying what the stock price is. That is why I do not believe any Q results in the next year will be any good. The institutional buyers know that. That is why there are no buying on their side. The only way I see this stock go up next 12 months if a) WCS goes above $70 or the interest rates tank that some new investors may be interested in dividends. Neither option is probable as Americans have a strong hold on controlling WCS and the money printing never stopped so technically the rates should not go any lower.
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