Gear Energy Ltd T.GXE

Biggest volume in many years today

[Rational43]

Good to see, cleared out a whole lotta profit takers setting the base for holders who realize how cheap it is here.

Eric N., was that you?

[sportstermathew]

We would all like Gear to turn into another Peyto or some other firm the executive all came from where the stock price went up 2000% to 4000%. But not knowing much about GXE, having seen it has been around for several years now and the price and production has basically gone nowhere. WHY? I have been reading the old president's reports, and some other quarterlies, presentation etc. 

[Wildcattter]

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[SC2021]

It was Peters and Co. moving stock; however, Peters is back in the past couple of days buying.  I doubt it is Eric, but who knows. GXE is still a good buy at these levels in my opinion.

[Rational43]

On a Twitter Post today he showed a chart of how cheap all the Canadian oil producers were, and he blacked out the cheapest on his chart, which was GXE, cheaper than TVE.     Unfortunately he left it on the other chart so it wasn't too hard to figure out what company was missing on one chart vs the other. Why did he do that I wonder?

[EstevanOutsider]

I think it is Spartan Delta. Calculation is 2x. What is your calculation to get Gear at 2x ev/cf? I noticed the volume on Gear too.

[Rational43]

Spartan Delta isn't on the chart on the right.  The only stock on the right, but not on the left, is GXE.

[EstevanOutsider]

Makes sense but I get 2.4x for Gear. Can u do a calculation otherwise?

[Rational43]

I think expecting $3 GJ AECO NG pricing on any sustained basis is very unrealistic. Many NG producers are dirt cheap at $3 and $4 AECO, but NG hasn't averaged that, and won't average that for 9 - 10 months every year, and it MAY get to $3 in the peak demand months of Jan and Feb, if its really cold.  Spartan Delta is cheap at that NG price, so if you believe that NG prices will go

[Rational43]