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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 > Saudi Arabia and Russia are extending cuts
View:
Post by Reachme on Jul 04, 2023 7:54am

Saudi Arabia and Russia are extending cuts

Saudi Arabia and Russia are extending cuts to the amount of oil they pump to the world
Comment by JTDOUBLE on Jul 04, 2023 9:02am
In addition to SPR refilling..  A very high probability of oil starts to gap up from here given this conditional supply cuts between these two biggest oil producers..  Any sign of China economy recovery oil shoukd head back to 80 bucks I suspect..
Comment by Roscoe747 on Jul 04, 2023 9:58am
China oil storage is high and they have just lifted quotas on oil imports for teacup refineries. China consumer is ok but industrial oil use still down. Check Baltic rates for shipping as a guage for oil useage.
Gear Energy Ltd
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