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

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Gear Energy Ltd > range bound??

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Post by Chefboy69 on Sep 19, 2022 9:54am

range bound??

anyone recall when i was saying how oil will trade between $100 and $80 for the next 6months-10months??

well if you don't...i am saying it now...the price of oil is consolidating

it went from 30 to 120 in 1.5 years....so you go chart that...

as far as a recession and serious downturn...well now we find out who actually has money...

WAY TOO MANY FAKERS and wannabe movie stars out there...driving their white large vehicles(why do women drive white cars??) now they actaully have to pay for the fancy cars and big house

So we will see..its looking like it might be the 88-89 again....I lived through that...

IT WAS NOT FUN...

good luck all

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Comment by mofwmofw on Sep 19, 2022 5:07pm

Not sure why but of all my oil stocks this is the worst performing one. I'm starting to understand why Eric dumped it. It's nice to have the divy, but it's also nice to have stock appreciation. I will not hold this much longer because many stocks have great dividends although this could be the cheapest one with this high price. I have this for the dividends but that's not the only ...more

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Comment by Luckyeleven on Sep 19, 2022 5:37pm

Yeah it looked like it was snapping out of being a poor performer the last couple of weeks but now back to the same old. I think no growth to speak of and high abandonment costs are the culprits. I have said it before but think GXE is a value trap now which is fine if that's what you are looking for. Another issue is they are not a take out target looking at their assets, probably very little ...more

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Comment by Chefboy69 on Sep 22, 2022 9:56am

Not one comment on the fact that i am right about oil being range bound??? nah..i guess flipping and posting about it, is more important... like i said....GRAIN OF SALT here people... GLTA

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Comment by Luckyeleven on Sep 22, 2022 10:04am

You make enough calls bound to be right sometimes. You called for 100 oil a couple of weeks ago by week end lol. If you want a pat on the back for giving A 20% range well pat yourself on the back. Anyway oil back to coming down right now and anything can happen.

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Comment by Chefboy69 on Sep 22, 2022 10:10am

of course Gordon Gecko comments...i think you need a new sports car photo in your profile..LOL Hahaha...personally i am not buying any equities at the moment and putting all my extra cash in money market funds..I am fully invested but am not buying any stocks at the moment just collecting divi's and cash.. Good luck bro

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Gear Energy Ltd