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Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

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

TSX:GXE - Post Discussion

Gear Energy Ltd > snipe coming end of day.
View:
Post by lashing on Feb 02, 2023 2:48pm

snipe coming end of day.

The patterns are back like clockwork.
Comment by Roscoe747 on Feb 02, 2023 3:25pm
Agreed. Time to pick a number. I do well sniping the premarket when there are accumulators. While I hold on to my retail thesis, I must admit there is accumulation that denotes pros.
Comment by navajojoe on Feb 02, 2023 3:53pm
This post has been removed in accordance with Community Policy
Comment by Roscoe747 on Feb 02, 2023 4:26pm
No love this close...said the vulture on a fencepost.
Comment by lashing on Feb 02, 2023 5:26pm
Someones accumulated a few 100k here and there. I had my bid at 1.05 ... no luck. Definitely a decent sized player looming in the trades, not huge. With these oil prices that div is in deep trouble should it last. I dont think it will last but ... oil shouldnt be trading in the 70's right now either.  
Comment by Roscoe747 on Feb 02, 2023 7:36pm
Yes, the dividend could be cut if sub$80 oil continues but the $80 threshold is an annual average that will be in doubt until demand improves. The WCS producers have a double torque in both WTI and a declining discount. Heavy oil demand is a spring/summer event plus there is ever more heavy refining capacity in the Gulf. The wild card is, of course, the willingness of Biden to release more oil ...more  
Comment by JTDOUBLE on Feb 02, 2023 8:30pm
 Well said Roscoe .. if i listen to those noise i would not pickup meta at 89 bucks months ago ..  Gxe will trade accordingly in conjunction how many are willing to buy and sell given price ..  Given the company with no debt and flexibility they more able to jump in any opportunities in market ..  These is what im banging on .. Ceo have proven to be really good and prudent ...more