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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 > Price targets
View:
Post by CandyC on Jun 03, 2022 1:13pm

Price targets

March episode he gave $3.09 target.
also :
White Tundra targets
$2.71 at $100wti
$3.25 at $110
3.79 at $120

Stay the course and be rewarded

Comment by Luckyeleven on Jun 03, 2022 1:17pm
Yeah he now says 2.29 so he is all over the place. Been watching him for 15 years or so and he is all over the place. He comes across as a used car salesman for the sector but he does have a big following. Just sad he wasn't on the pump on GXE and now a small uphill battle. 
Comment by CandyC on Jun 03, 2022 8:33pm
Eric was quoting $100 for his targets. WTI should average over $110 beginning of March to the end of June. Not much more can be done that hasn't been tried this year. About The only thing that is left is demand destruction. Most say WTI would have to average 130-140 for a full year to happen. Even if WTI averages 115 for the remainder of the year then smaller caps will have more torque to the ...more  
Comment by Allinontheturn1 on Jun 03, 2022 10:17pm
Thanks Nuttall now we have a 42.45% upside after today but wait you said over 100% last time you were on marketcall and a $3.08 share price target not $2.29 today
Comment by astutein on Jun 04, 2022 12:23am
ignore nutatll.  last time on bnn he stated over $ 3.00 if oil remains at $100. oil today at $ 120. and has averaged over 100 for last three months. Wait till you seen may numbers with no hedging requirements by bank covenant. Next Quarter Q2 will be fantastic.  Incresed variable dividend,share buy backs etc with cash. 30% of free cash flow returned to sh's.     ...more  
Comment by CandyC on Jun 03, 2022 1:20pm
And Ink Research was on BNN Commodites a few days ago and ranks Gear as the #7 stock to own in all of the Canadian markets 
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