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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 JTDOUBLEon Nov 07, 2022 10:13am
117 Views
Post# 35078722

RE:RE:RE:Oil at 92 bucks ..Looking forward to 100 bucks..

RE:RE:RE:Oil at 92 bucks ..Looking forward to 100 bucks..
Roscoe747 wrote: Yup. Sensible post, Craig. GXE needs the assurance of free cash flows and they need to prove their growth strategy. Only time will create the conditions that attract higher share pricing. Gear has no boomer wells, only steady low decline production and, in my estimation, may need to revisit their growth strategy once their reserves and their positive cash surplus allows.

Proving up new lands or accretive acquisitions may accelerate buyer interest but is also increasingly risky in the present political environment. I vote for: "steady as she goes" until we are sure that operational risk is secure from political risk.



Still believed in 100 bucks oil here ..

The SPR got till December yet suspect after US elections they be scrambling to start to fill it again.. 

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