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Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Energy Oil & Gas E&P
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 > And oil is dropping again.
View:
Post by navajojoe on Jun 22, 2023 8:42am

And oil is dropping again.

All of the oil "experts" thought the price of WTI had nowhere to go but up.

I guess they weren't "experts" after all.

And now that GXE is spending capex again, they will borrow even more to pay the dividend. All that does is siphon value out of the share price.
Comment by lovehockey on Jun 22, 2023 11:16am
When SPR is being dumped - price won't go up. Biden administration bought 3mm for $73 per barrel and dumping the SPR to lower the price below $70. Patience is the key. Use dividend to accumulate more stock cheap while you can.
Gear Energy Ltd
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