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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

Post by fabdaq2021on Jan 31, 2022 4:45pm
360 Views
Post# 34381062

Price jump = Nuttall's generalist may have arrived

Price jump = Nuttall's generalist may have arrivedNew coverage by Desjardins and someone else too though I forget who on BNN today.  Desjardins has slapped new increased ratings on the energy sector.  The other I forgot mentioned the energy's will outperform over the next  FIVE years based on supply/demand alone.  Energy is a huge sector which has largely and rightly been ignored for some time but when there is money to be made it's time to forgive.  How the so called smart money could ignore these things when oil went negative in 2020 is beyond me but generalists tend to be followers and not leaders and I have a feeling they are starting to buy and will provide us waves of money :)  
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