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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 Roscoe747on Dec 31, 2022 2:57pm
122 Views
Post# 35198585

RE:RE:RE:WCS remains $10 short

RE:RE:RE:WCS remains $10 short
navajojoe wrote:
Roscoe747 wrote:

navajojoe wrote: According to GXE's own presentation, they need $62 WCS to pay the dividend.
WCS is just over $50 today.

The lying pumpers will tell you that doesn't matter, but what is the truth? I can only go by what GXE puts in writing.

 

The honest-to-gawd truth is you cant fix stupid. You have been informed previously that the quoted price is the average price for the year but you keep putting the same scare tactic in front of the reader to keep the scare relevant.

You are either the stupidest person alive or you are busily attempting to keep your fearmongering active as a part of your junior phone chimp/coffee go-fer duties.



Only a dishonest piece of trash would suggest that the low WCS price is not a problem.

The longer the price stays far below the level required to pay the dividend, the more your much-promoted year-average gets to be an issue. If you are too stupid to see that, or too dishonest to acknowledge it, then you are 100% correct, you can't fix stupid not combat a liar.

Okay, got it. Your agenda is to create drama in order to keep your agitprop in front of the reader. Keep repeating the same lies, not to make readers believe them but to create doubt in anything said.
Stir the pot to try to force selling. The junior phone chimp allowed on a computer after the coffee run.
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