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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan and Southeast Saskatchewan. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its properties include Celtic/Paradise Hill, Saskatchewan; Wildmere Area, Alberta; Wilson Creek, Alberta, and Tableland, Saskatchewan. The Celtic/Paradise Hill is located within Township 52, and Ranges 23 and 24 W3 and is approximately 40 kilometers northeast of Lloydminster, Alberta. The Wildmere field is located within Townships 47, 48 and 49, and Ranges 3, 4, 5 and 6W4, is approximately 200 kilometers southeast of Edmonton, Alberta. The property consists of approximately 24,325 gross (23,000 net) acres of lands. The Tableland property development is predominately focused on the Three Forks/Torquay formation, with minor production from the Bakken and Ratcliffe formations.


TSX:GXE - Post by User

Comment by AlexPKeaton89on Apr 03, 2021 11:11am
189 Views
Post# 32933703

RE:RE:RE:RE:RE:OPEC+ done , Nuttal pop soon... $60 oil sweetspot for GXE!

RE:RE:RE:RE:RE:OPEC+ done , Nuttal pop soon... $60 oil sweetspot for GXE! I think so oilypants. It all depends on your appetite for risk. CNR is a stable dividend paying stock which is relatively safe but no real torque to the upside and no torque to oil prices. With oil you have to believe in the macro as much as the micro and I believe we are set up for a multi year bull run in oil that is just getting started. It sounds crazy to say from where they have come off from the lows of 2020 but Gear can be a 10 bagger from here over the next five years if we are in a real bull market and hot money comes back to the sector. We are still a ways off making the average investor believe that oil is entering a bull run but the signs are there. A couple of more quarters of upward trending commodity price and stock gains and the herd will will be here. By then Gear will already be a multibagger from here and new blood will be begging for your shares. That's when you sit back with a beer and watch the fireworks. I like our chances as I believe in the macro and from speaking with Ingram a number of times and doing a deep dive into the micro I believe Gear is top tier for both short and long term gains. Until the thesis is broken as they say Oilypants...let it ride!
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