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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 Oct 31, 2024 11:37am
133 Views
Post# 36290664

RE:RE:Will increase my share count by 1%

RE:RE:Will increase my share count by 1%

Well - if you doubt then get out.

Investing long term is not an easy thing, specially if you do not believe in it. My personal experience is that if you know and believe - go for it. My previous big play was and still is Athabasca oil. I started buying it in 2014 when oil started collapsing. I started getting into it when it was just less than $2 and it went for a roller coaster ride. I always believed in it because the fundamentals were there. However at its lowest point it was $0.10 and daily volume was less than 10k shares on TSX. There were people bashing the stock daily for one reason or another. I stuck with it, kept buying, loading with every opportunity. At the end of the day it made me way more money than I ever hoped for. With Gear I think this may be another 10 year play for me. However it is actually much easier as Gear has basically no debt and it pays dividends that I always use to buy more shares. 

 

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