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Bullboard - Stock Discussion Forum 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... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > Fools and their money are being parted!!
View:
Post by Chimpwithdart on Apr 25, 2022 2:37pm

Fools and their money are being parted!!

Final shakeout before the breakout, happens every time.
Comment by NWOntario on Apr 25, 2022 5:12pm
Today was scary! Watched the VIX as the markets were correlated strongly today, decided to do a 400k bid for 1.38 when the VIX was spiking to 31.45'ish and had a 289k fill and it was able to hold and build. Now 1M shares of Gear, 300k shares of Ath, 15k shares of Meg and a hedge of 30 percent cash.  Definitely looking for earnings next week as the next catalyst knowing that we can ...more  
Comment by Chimpwithdart on Apr 25, 2022 6:50pm
I like how GXE and some other names, CPG, TVE etc all bounced from their 100ema, solid place for a bottom. The chinese lockdowns are temporary, oil should maintain and rise from these levels. I'de be more concerned with a broader market selloff like we saw start after the fed spoke last thursday. Hopefully some of these interest hikes are now priced in.
Comment by Chefboy69 on Apr 26, 2022 8:39am
good call man...oil is bouncing today. Hopefully GXE bounces as well I am down now but i am VERY PATIENT