Gear Energy Ltd T.GXE

The tail is wagging the dog

[Roscoe747]

in the share price saga and the usualsuspects are encouraging capitulation while excitedly awaiting their entry point. Oil prices are now determined in the financial oil market based mainly on how to interpret the latest prevarications of the entities with an oar in the water rather than the metrics of supply and demand. Fundamentals don;t matter until, suddenly, they do.

I think instantanious communications has skewed the process in favour of those trying to keep a particular narrative at the forefront of decisionmaking. High interest rates, recession, war, peddling climate change nonsense to 'stop oil' are all impacting the decision making process.

Until an event occurs that focuses on fundamental production, the games will continue.

[Maxmoe]

Nobody outside Canada, or even outside the shrill screeching from downtown elites in Ottawa,toronto, Vancouver......nobody cares a rats patooty about the hysterical climate noise. None of those people will EVER buy an energy stock. Never. It's completely pointless to be the least bit concerned with them. It's as pointless as Trump trying to get votes at an immigrant centre in New York or

[Roscoe747]

You make my point. nobody who buys oil shares but the general investors who used to buy oil shares do care - not about the climate scam per se but about its effect on share prices.