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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 > Big money manipulation
View:
Post by Chefboy69 on Jun 23, 2022 10:02am

Big money manipulation

anyone compare every CDN oil company on a chart?
If you do you will see similarities...all of them peaked 3 weeks ago..
they all are making the same amount of money...fundamentals has not changed...just the political back drop has. So what does that tell you?
big money is in oil after ignoring it for 3 years.
thats what it tells me....scaring retail 

 
 
Comment by Chefboy69 on Jun 24, 2022 8:05am
I am 100% sure this drop in ALL OIL STOCKS, is a coordinated short attack by big money to get into oil stocks because they missed the boat in 2021.. most stocks were over bought  now most are over sold i have been on several stocks boards and get a sense that this drop was all planned good luck all
Comment by Chefboy69 on Jun 24, 2022 9:53am
markets surging today oil stocks will follow
Comment by jake12116 on Jun 24, 2022 10:43am
Buffet says stock market has become the casino, hard to argue that point,, day trade your money away  Red 3 
Comment by Chefboy69 on Jun 24, 2022 11:03am
i started investing in 2006 and then watched my money disappear in 2008 i have noticed a HUGE influx of new entrants into the market are "traders" and seem to think investing is for boomers and with the ease of trading with app's and gamifiing it.. the market is more of a casino then ever before
Comment by Roscoe747 on Jun 24, 2022 11:38am
GXE forecasts $.45 funds from operations in 2022. At a sp of $1.25 and 260mm shares, that equates to 36% of its market cap. GXE can buy back its entire market cap in 33 months at this rate. It is quite reasonable to expect pros to utilize their superior horsepower to manipulate the stock but insiders buying in at ~$1.50 and exercising options give support to the premise that oil stocks are being ...more  
Comment by Chefboy69 on Jun 24, 2022 11:42am
  so basically at $3.50-$4.00 stock trading for 1.26???  
Comment by Roscoe747 on Jun 24, 2022 1:07pm
Pick any metric you wish and do the math. Any figure will depend upon attracting new investors but, 'if', growth forecasts are confirmed, this speculation will  improve share prices. My conservative estimate is >$2.00. this fall. How much? Ask Mr. Market, it's a financial market decision, not a physical one. How much cash flow can be determined but how the market reacts to ...more  
Comment by navajojoe on Jun 26, 2022 11:20pm
This post has been removed in accordance with Community Policy
Comment by Roscoe747 on Jun 24, 2022 11:44am
The market is a casino run by computer horsepower to 'fix' the house's return. That return consists of gleaning pennies from lightning trades that retail can't compete with. Selling and buying the same stock at the same time to manipulate prices.
Comment by lashing on Jun 24, 2022 1:19pm
So true. I watch it every day. Only plus side is the algo's make mistakes and cant run in panic faster and worse than people when the trend changes. Thats when us feeble humans can swing trade and cash in .
Comment by Roscoe747 on Jun 24, 2022 2:10pm
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