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 > GXE Has To Pop Soon?

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Post by bonjovi501 on Apr 18, 2022 9:47am

GXE Has To Pop Soon?

should get our monthly news report today or tomorrow and maybe next leg up in share price. Oil at $108 this morning and Energy Index up 2% but we are flat. We need some buyers to come in and the next news release might just do it.

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Comment by Roscoe747 on Apr 18, 2022 11:20am

Not buyers so much as too many profit-takers. All this means is that price appreciation will take a bit more time. The floor is in at $1.50 now and the catalyst for a higher share price is likely the AGM. The agenda at the AGM has a shareholder return plan included that may propose a dividend or, at least, a buyback schedule. As the share price climbs out of the penny stock purgatory, it meets ...more

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Gear Energy Ltd