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.

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Gear Energy Ltd > Will GXE join the consolidation party?

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Post by zack50on Jan 18, 2023 10:49am

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Post# 35230556

Will GXE join the consolidation party?

From Jeremy McCrea Director of Energy Research at Raymond James

Here today, gone tomorrow - seems to be the theme for Oil & Gas names. Despite the number of listed companies down 69% since 2011, consolidation has led to a stronger group of 30 companies over $1 bln in MCAP. Who's next to join the consolidation party?

With seemingly stronger CDN Oil & Gas companies, the level of interest in 2022 meaningfully jumped to the upside with ‘Value of Trade' increasing 120% to $467 bln in 2022 (vs. avg)

Much of the increase in CDN Oil & Gas 'Transaction Value' came from a higher # of trades – a 38% increase over the last decade (to 54 mln trades in 2022)

Despite fewer names in the sector, consolidation has brought more interest and more relevance with institutional investors today - with the setup for 2023 looking similar once again.