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

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TSX:GXE - Post Discussion

Gear Energy Ltd > At $90+ oil

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Post by Reachme on Sep 27, 2023 12:28pm

At $90+ oil

All the oil companies are making big bucks $$$$$$ GXE included

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Comment by NotThatBright22 on Sep 27, 2023 1:13pm

with that, can you explain why GXE shareholders not so blessed.

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Comment by Roscoe747 on Sep 27, 2023 1:15pm

What is difficult to understand is why over a million shares were traded on a morning that confirms both the draws thesis and the price of oil rising significantly. Who sells at the yearly low into such positive news? I see only flippers and wash traders having a final go at GXE. One must bear in mind that even a million shares is only 0.0038 of GXE's float therefore 99.9962 of the float are ...more

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Comment by NotThatBright22 on Sep 27, 2023 1:27pm

Perhaps their current contract delivery price is lower then the current market?

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Comment by Roscoe747 on Sep 27, 2023 2:07pm

What is difficult to understand is why over a million shares were traded on a morning that confirms both the draws thesis and the price of oil rising significantly. Who sells at the yearly low into such positive news? I see only flippers and wash traders having a final go at GXE. One must bear in mind that even a million shares is only 0.0038 of GXE@s float therefore 99.9962 of the float are in ...more

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Gear Energy Ltd