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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 > JPMorgan bullish on oil WOW $150
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Post by YesSetForLife on Sep 23, 2023 9:27pm

JPMorgan bullish on oil WOW $150

JPMorgan’s head of EMEA energy equity research, Christyan Malek, warned markets on Friday that the recent Brent price surge could continue upwards to $150 per barrel by 2026, according to a new research report. Several catalysts went into the $150 price warning, including capacity shocks, an energy supercycle—and of course, efforts to push the world further away from fossil fuels. Most recently, crude oil prices have surged on the back of OPEC+ production cuts.
Comment by Roscoe747 on Sep 24, 2023 1:37pm
Including the fact that the futures market is in backwardation. 2026 oil futures are ~$70 which means there is little incentive for production growth at this moment in time. All in all, year over year demand growth plus the disincentives to supply growth, both fundamental and political, makes a strong case for a structural supply deficit. The multi-year oil bull narrative continues.
Comment by Reachme on Sep 24, 2023 7:37pm
energy supercycle...everybody will be surprised...lots of room to go up for GXE $2+ $3+ $4+
Comment by Roscoe747 on Sep 25, 2023 11:21am
You need some circus music with that post.
Comment by NotThatBright22 on Sep 25, 2023 2:19pm
The oil sector is UP....other than GEAR.  Should the dividend be extinguished, watch out!
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