Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s): GENGF

Energy Oil & Gas E&P

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... see more

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TSX:GXE - Post Discussion

Gear Energy Ltd > Oil Up $4.00 And GXE Red

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Post by bonjovi501 on Mar 23, 2022 2:07pm

Oil Up $4.00 And GXE Red

if that does not tell you how hated oil is then nothing will. If oil was down $4.00 we would be down 10% as the sellers are in control and have been for a decade. Cancel culture has scared the big fund guys to avoid oil or else and it is working.

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Comment by Gord_Alberta on Mar 23, 2022 2:20pm

Why does that matter? Gear Energy will be debt free in months; then turning into a cash cow... The company either buys back shares increasing the value of our shares. Or pay dividends. Either works for me...

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