Gear Energy Ltd T.GXE

OIL will rebound!!

[JTDOUBLE]

I loaded more on my oil holdings here ..The generalist will be late again to Join the second innings of this oil bull run..

Last oil bull run lasted 10 years we are in 3rd year  now ..

7 years to go if this follow the previous trend..

Yet beleive it will be more than 5 years until Cap EX is expanded in the sector..

Right now all about  returning money to shareholders..

[navajojoe]

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[pierrelebel]

navajojoe wrote "WCS is still $10 below where it needs to be to pay the dividend. Simple fact." Not quite that bad! From Q3 report last month: "On an annualized basis, Gear forecasts its $0.01 per share per month dividend to total approximately $31 million. Assuming an annual production of 6,100 boe per day, that equates to approximately $14 per boe. As such, if WTI is at or

[JTDOUBLE]

Too many catalyst to mention for oil to go up from here.. Those day traders are not even considering that factors , instead they focus more on the negativity and for those weak players to sell .. Im adding here, a opportunity given the catalyst coming .. Earnings announcement  todaysupporting maybe we dodge the recession , if it does it will be quick bounce..

[Roscoe747]

An analysis last spring stated the consumer economy will manage $140 oil and that $180 will create economic turmoil. Any prudent enterprise will have factored higher energy into their business plan so higher prices can be mitigated. The fact is that the climate clowns have created a scenario where a reasonable approach to the environment is no longer possible and everyone will bear the

[navajojoe]

This post has been removed in accordance with Community Policy

[Roscoe747]

It is doubtful that capex will expand enough to cover the supply deficit. Why drill when you can simply wait for higher prices? Also, to overcome this structural deficit, the lead time for new fields is over 5 years and considering the political risk, who will leave their capital out in the wind for that long?