Gear Energy Ltd T.GXE

sentiment and hype

[Chefboy69]

runs the stock market these days....

earnings has very little to do with how a stock moves. As has been proven this year and last year.
Fear and greed run the show

so with that in mind..

this stock is trading like oil is back at $35 per barrel and the value of this company has very little to do with how the share price is doing...

share price should be almost double but its being dragged down because of the air being deflated out of the oil trade..

its cool...I am long and this is my only oil exposure now

Oil is too volatile to be heavily invested

So I will wait and see if i will be rewarded here...Suncor made me 2x my money...I was hoping this would do the same...the vote is still out

Good luck all

[Roscoe747]

Face it. Gear is a plodder with mediocre assets and cautious leadership. The sp sinks at the first sign of trouble and is very slow to recover because oil is now a swing trade piata not an 'investment'. Gear is not a name associated with big gains in short timelines. That said, Gear is, however, a producer that can hold production flat on maintenance capital and return 13% Free cash at

[lashing]

You were right when you said its not an investment but a swing trade. Some people just cant let go and think holding long will reward. They are losing all the profits thinking this way. Oh well, I dont argue with bagholders as they hold my bag. 

[Chefboy69]

swing trade all you want....this is my only oil exposure. I live in Toronto, Ont....last time i was out( yesterday)  thee was traffic everywhere..cars still stuck in traffic and i take the bus..same amount of people as before. Oil is the most manipulated asset on the planet i know this... I made a nice profit on Suncor( sold at 52) this is chump change for me....have fun flipping 

[Chefboy69]

also you are not very smart if you are trading this....You missing out on HOD. I bought that at 1.90 cheers

[Chefboy69]

also falling energy prices is a good thing, it means less likely a recession will happen equites will rise tomorrow is the big day.... GLTA

[lashing]

You sound like a new "investor" that thinks they have it all figured out. Every few years a crop of you comes along. They eventually lose all and never to be heard from again. 

[Chefboy69]

lol dumba.ss..i bet i have been in the market longer than you and have more capitial than you like i said a drop in the bucket here.. go flip some burgers Jr. call me boomer...LOL f.uckin loser

[lashing]

Only fakers say stuff like that

[Chefboy69]

Oil supply tightness looks set to worsen, recession or not Despite recession fears, the head of the International Energy Agency said Tuesday that the global energy supply crunch likely will get worse before it gets better, and OPEC's first oil market outlook for 2023 showed no relief from market tightness.   "The world has never witnessed such a major energy crisis in terms of

[Roscoe747]

Simplistic and speculative but possible in such a volatile market with little or no spare capacity and a raving loon weaponising the commodity: Everything will be fine as long as the financial (paper) market for oil can accommodate counter parties. As soon as counterparties demand physical oil rather than bits of paper or electronic equivalent, the whole circus will crash a la 2008. Say a

[Chefboy69]

exactly....the current future contracts are not a proper gauge for the price of oil the price we see is simply traders working to earn a living and has NOTHING to do with the actual price we are saying the same things just in a different way

[JTDOUBLE]

[swetazo]

This post has been removed in accordance with Community Policy

[Chefboy69]

this new investor made a few thousand on HOD today like i said...go flip burgers JR.