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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 pierrelebelon Aug 04, 2022 10:41am
151 Views
Post# 34870978

RE:What A Mess

RE:What A Mess
"even with Nuttal preaching how great of deals they are no one cares."

Reality check: WTI is trading below US$90 this morning - the lowest since Russia invaded Ukraine six months ago.

Looking at most Canadian producers, including GXE, they generally trade at much higher levels than six month ago when WTI was at US$90.

So things are not as bad as they seem this morning.  Maybe expectations were too high for quick results!  It may take some time to readjust but I expect oil prices to resume their uptrend later this year (after the US mid term elections).

In the meantime Canadian investors can plan a well diversified portfolio consisting of Canadian producers of all sizes - small, medium and large.  Diversification is the key to a safe and prosperous portfolio
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