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 > Bottom line...GXE

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Post by NotThatBright22 on Nov 13, 2023 2:37pm

Bottom line...GXE

is out of favor. Sweet dividend, good earnings. I suspect a new 52 week low tomorrow. Sad for a Company with such potential.

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Comment by NotThatBright22 on Nov 14, 2023 2:35pm

Historical Data suggests GXE SP will decline again tomorrow following the divi payout.

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Comment by lovehockey on Nov 14, 2023 2:41pm

And why would somebody care? The volume is non-existing. You can't buy nor sell any significant amounts of shares at these prices and in these conditions.

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Comment by NotThatBright22 on Nov 14, 2023 2:51pm

Correct...there is no recent daily volume, being said, there are significant shares available both bid and ask. Heavily shorted, and an out of favor stock.

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Comment by lovehockey on Nov 14, 2023 3:00pm

I guess we have a different understanding of "what significant shares" mean.

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Comment by lovehockey on Nov 14, 2023 3:00pm

BTW, the stock is not shorted.

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Comment by NotThatBright22 on Nov 14, 2023 3:07pm

Share Statistics Avg Vol (3 month) 3 751.48k Avg Vol (10 day) 3 655.34k Shares Outstanding 5 262.22M Implied Shares Outstanding 6 272.18M Float 8 248.33M % Held by Insiders 1 6.94% % Held by Institutions 1 2.43% ...more

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Comment by lovehockey on Nov 14, 2023 3:19pm

Means nothing. At once in 2020 ATH was showing 35 millions shares shorted. Then over a short period (less than a motnh) it went to 3 million short shares. 32 million of short shares disappeared even though entire TSX volume for ATH was less then that. These shares were clearly settled outside of TSX. People still don't know what exactly happened however I have a theory that those were fake ...more

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Comment by lovehockey on Nov 14, 2023 3:27pm

True shorters wouldn't touch this stock. It is way too dangerous. There is no available volume in case they need to cover. This is a completely different situation in play. Someone is benefitting from low SP by collecting cheap shares. This is a very sophisticated scheme but also long.

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Comment by NotThatBright22 on Nov 14, 2023 3:45pm

Sold my .78c shares today at .77. see what happens. I like to protect capital, and GXE IMO is likely to go lower from here. When it finds its bottom and shorts cover there could be a good return. Till then.....?

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