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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 > Short squeeze inevitable
View:
Post by Reachme on Jul 13, 2023 11:31pm

Short squeeze inevitable

In 2 weeks GXE Financials will be out coupled with the sale of non core assets.....$1.50+++
Comment by CountryBoy69 on Jul 17, 2023 3:59pm
I would think all real shareholders , myself included would love to see that $1.50+++, but can l am you what makes you think that is in the cards.An explanation or opinion would be appreciated. Thankyou
Comment by Reachme on Jul 17, 2023 4:51pm
It's all about the oil price....I think it's very probable it will hit very close to $100 again and while we wait the div is a great incentive 
Comment by Roscoe747 on Jul 17, 2023 9:37pm
In the futures market, shorts are closing out and longs are gaining. There is a supply deficit building while oil traders are busily worried about recessions and interest rates and blowing down storage, both on water and land. We are in a phase where the dominant narrative is bearish and fundamentals don't matter - until they do. The simple answer is traders will continue the financial game ...more  
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