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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 recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Comment by Wintericeon May 31, 2021 11:04am
260 Views
Post# 33296079

RE:$0.780.05 | 6.85% better stop giggling i think

RE:$0.780.05 | 6.85% better stop giggling i thinkGXE is one of the few stocks that paid down debt in 2020 due to smart hedging and will be debt free Q1 2022. They are in a pretty enviable position in this space as most are still being controlled by the banks with their heavy debt. Gear has a strong balance sheet and lots of upside potential with free cash flow at more than 30% share price and a large inventory of drilling locations. I think Gear is on its way to not being a penny stock soon.

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