Gear Energy Ltd T.GXE

Biden wash trades oil, willing to lose $3 per barrel

[lovehockey]

This is quite a sophisticated game. They lose $3 per barrel on wash trading (buy for $73 and sell for $70) but they don't care as they can print these dollars as much as they want. The gain however is in billions for the end users, cheap oil keeps US economy going. I have to admit, this is pretty smart. But how long can it last as this is still a manipulation that market will figure it out at some point.

[navajojoe]

It can last longer than the dividend. Another 2 months of dividends lost just today.

[Reachme]

You lost nothing since you are just a poster and not an investor LOL

[lovehockey]

Once the dividend is stopped the price of stock is going to go up. However before they stop dividends they will lower tha Capex which is not needed if the price of oil is manipulated.

[navajojoe]

You really need to look at the fundamentals. The only thing keeping the share price from falling further is the dividend.

[lovehockey]

I did my homework. Just look at GXE performance in 2015-2020. The company is fine and will be fine. There will be dividends, buybacks etc in a long term. I will continue accumulating this baby for years. I have enough money to retire from what I made before but Gear will provide just a little bit extra for me in the future. You should stop worrying about other people and take care of your own

[navajojoe]

I don't think so. Did you calculate what GXE is trading at on a $/boed basis? Do you even know how to do that?

[lovehockey]

I don't care what you think.  You pretend that you have some kind of importance or special knowledge for that matter when it comes to GXE. You are nothing and provide zero value to this board as all your nonsense you post is useless. You never post anything that is of any value. As far as company is concerned your whole argument is based on price of oil being low and going lower. In my

[CountryBoy69]

Hockey , youp mentioned anxieties , more likemental Illnesses and he actually advised me to take his advice as he claims to be an experienced investor. Now to cap it off , on another oil board l read a post recommending another oil company and l decided to check it out as l have never heard of it. Within 1 hour , guess who appeared stalking. He has never posted on the original board l was reading

[navajojoe]

Well hockey, all I can tell you is that GXE is trading at a valuation that is double what some of its peers are trading at. So if the dividend is removed, what is to stop the share price from falling in line with those peers?

[lovehockey]

Are you saying GXE can actually trade for 50 cents a share? That would have been amazing. Imagine how many shares I can buy with my dividends. 

[navajojoe]

If GXE is 50 cents, there won't be any dividend.