Gear Energy Ltd T.GXE

Why though ?

[Kadiddelhopper]

Anyone have insight as to why or where this frenzy derives from? Is it Nuttal's word, or are his Funds buying-up positions, in anticipation of a merger of sorts. Just throwing darts as I have no idea  myself....but something is in the works....there has to be !

[borne2run]

Some Insight 1.  Stock price is down over 20% from Feb 2022. 2.  Stocks of companies generating positive cash flow do not stay in the doghouse / penalty box forever. 3.  Anonymous has been scooping up shares lke crazy; Peters & Company were buyers in the 105 area. 4.  Month end window dressing. 5.  Solid Technicals - double bottom (Dec / July), quick 20% gain

[Kadiddelhopper]

Good rfeasoning, thanks for your contribution. 40 % , while not a Nuttall double is certainly hefty in any case! Hold and See !

[lashing]

yeah but under $80 WTI and GXE cannot cover dividend. Why you keep missing this is a mystery. Back into debt to fund dividend is what cant last forever and so far, oil isnt breaking 80 for well over a quarter

[Kadiddelhopper]

Thinking there is a Merger in the works, for the delectable two Light Oil producing Properties that some Prodfucer in SE Sask would snap-up, with 3rd Heavy oil, being taken on by one of the WCS producers... Dividend of no more huge concern  for you, Lashing !

[borne2run]

Oil is in the beginning stages of a new uptrend;  bottomed early December. Initial target is mid $80s. The energy bull market has many miles to go before it sleeps. The oil bull that began in December 1998 lasted 9.5 years. The fundamental factors underpinning the current oil market are far more bullish than that period.

[pierrelebel]

lashing wrote "yeah but under $80 WTI and GXE cannot cover dividend." That may be your understanding but it is not correct. At current price GXE generates enough free cash flow to pay $0.01 monthly dividend.  Period. Some months may require delaying capex but there is no valid reason to cancel or reduce the dividend at this time based on known facts. If you do not feel

[borne2run]

Pierre, I suspect lashing dumped his holdings during the December tax loss sell-off, expecting to re-load at a lower price.  With Gear trading 20% above his exit price, he is becoming desperate. Bank of America has foecast an average 2023 WTI price of $100. With one month of trading at an average price of $80, oil will need to spend considerable time trading  above $100 if BofA's

[lashing]

The fact you clearly dont understand the period between taking a loss and buying back legally .... tells me you are not a player.

[lashing]

BLah blah blah ... I note you glosed over the fact they are using debt right now to cover the dividend. You dont know what you are talking about, yet talk. As usual this board is amatuer city and I look forward to trading the swings and taking your sucker money.