Gear Energy Ltd T.GXE

Nuttall

[Gringotts]

GXE dividend sustainable at $55 - $58 oil.  :)

[navajojoe]

This post has been removed in accordance with Community Policy

[lashing]

LOL .... yeah lets just ignore the Feb report direct from gear "We will watch the market over the next few weeks and decide if anything in our current business plan needs to be changed to accomplish these key goals."

[geric]

He actually said 45-50 dollar oil for most companies.

[lashing]

He qualified that for quite a while and did not make such a foolish blanket statement. You are really cherry picking words to make yourself feel better. Odd strategy when its money at stake. Seriously, this board is full of circus clowns and you dont do yourself any favors carrying on. People that know things come, see this nonsense and they are gone. You are left in an echo chamber with no

[Roscoe747]

$45 - 50 WTI for oil sands. Fracking producers can blow down production for cash flow but they can not replace depletion at that price. You are putting square pegs in round holes.

[Roscoe747]

Never forget that Nuttall is always talking his book and he must be worried about fund redemptions now. The SPR release, Russia, recession worries have put a kink in Nuttall's oil bull narrative. The bull will still happen because one must never underestimate the stupidity of people in large groups protesting oil extraction but it will not be this year. Welcome to oil investing - $100 oil

[masfortuna]

Nuttal? He runs an energy fund.  Do you really expect him to say something negative about oil? The truth is tha the IEA cannot be trusted to report truthfully on behalf of the retail consumer anymore.  That organization is completely aligned with governmental policies.  That leaves EIA which have also fudged the numbers imho on several occasions. The theory that oil has dropped

[Roscoe747]

Interesting data, mas. The price of oil is reacting to financial events and, as you suggest is over reacting. Inflation is coming down, recessions are more managable with banking controls, interest rates will come down with inflation etc. Nobody has any answer but my speculation is that volatility will create opportunity for the pendulum to swing back as the momentum for low oil prices diminishes