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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

TSX:GXE - Post Discussion

Gear Energy Ltd > The Nuttal Effect
View:
Post by bonjovi501 on Jun 06, 2022 11:01am

The Nuttal Effect

just goes to show you how the sheep follow Nuttal and his picks. GXE is debt free with a divi yet we are being treated as a dog even with oil at $118 a barrel. It makes no sense that we are not a new highs with the share price. Clearly manipulation going on with this stock. Is GXE doing share buybacks yet or is that smoke and mirrors also?
Comment by geezer21 on Jun 06, 2022 11:06am
The Nuttal effect passes very quickly as seen in the past.  It is an opportunity to pick up shares.
Comment by geezer21 on Jun 06, 2022 11:20am
Nuttal said himself the reason he left GXE for OVV is for liquidity.  With OVV trading at $72.04 at the moment Nuttal only has to buy 1 share of OVV instead of 46 shares of GXE. At a 10% holding of GXE Nuttal all needed to trade 26 million shares making it a logisitical nightmare to more shares in or out without impacting the share price.  To trade GXE shares he would have to do ...more  
Gear Energy Ltd