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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 sportstermathewon Jan 09, 2022 9:38am
176 Views
Post# 34297340

RE:RE:RE:GXE on the move

RE:RE:RE:GXE on the moveWe don't want people overweight, we want people underweight to buy more.

At these prices they have to be debt free before quarter end.

Share buybacks?  New land?  New drilling?

Profits won't be huge per share but they will add up over time.

Would just be happy to get up to $2.00 on this this year and increase my position.

A dividend would surely do that.

Have to look at the presentation again.

My one concern, knowing what it is is he decommissioning liability.  Of course this could be over 10 to 20 years but still needs to be addressed as quickly as possible.

It could actually be a lower amount knowing costs for some stuff have come down from 2020.


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