Gear Energy Ltd T.GXE

Oil at 92 bucks ..Looking forward to 100 bucks..

[JTDOUBLE]

Daily volatility is given however looking ahead GXE will be printing money here soon!!

BTE at 75 cents people bought at 38 cents dump ..I keep mine who do you think ahead of the game now ..lol..

GXE here will go and eventually the longs here as they keep adding along the way will have the better chance of making it big ..

[1970Craig]

  I own this name and I agree it sold off too much in the pull back over summer.  However even though I have  lots of shares.  I am not seeing a catalyst unless oil prices stay closer or above 90.   They said 80 covers all and after that they can do more obviously.      So I do see upside but if I am being cautious I think it's under 2 dollars.  

[Roscoe747]

Yup. Sensible post, Craig. GXE needs the assurance of free cash flows and they need to prove their growth strategy. Only time will create the conditions that attract higher share pricing. Gear has no boomer wells, only steady low decline production and, in my estimation, may need to revisit their growth strategy once their reserves and their positive cash surplus allows. Proving up new lands or

[JTDOUBLE]

Still believed in 100 bucks oil here .. The SPR got till December yet suspect after US elections they be scrambling to start to fill it again.. 

[Roscoe747]

Yes, $100 oil is reasonable unless the political risk for investing in Russia, Venezuela, Libya, Iran, Nigeria etc can be overcome. SPR, Europe, China, all positive indicators for 2023 while OPEC will underpin a $90 floor price. Russia, Iran and North Korea are sabre rattling while China is insidiously manipulating its way to global dominance. The weight of evidence suggests higher, rather than