Gear Energy Ltd T.GXE

Alternate Symbol(s): GENGF

Energy Oil & Gas E&P

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

Gear Energy Ltd > Easy added to ignore bin..lashing..

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Comment by jleer42on Oct 04, 2022 1:03pm

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Post# 35004511

RE:RE:RE:Easy added to ignore bin..lashing..

If quotas are cut production will definitely drop by less than the quota cut. Some countries are producing at quota though - SA, UAE, Iraq - so there will be an impact.

Amrita Sen also mentioned there could also be some unilateral cuts (video link below), haven't heard this anywher else though.

https://twitter.com/i/status/1577253855666094082

Roscoe747 wrote: This 'rally' is predicated on an OPEC production cut but the reality is that OPEC presently is producing 3mm barrels per day less than its stated production. A new 'production cut' will have little impact on the physical market but may be hyped by the media panic mongers.w

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