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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 Aug 19, 2023 9:23pm
104 Views
Post# 35596674

RE:RE:RE:Resource Limits

RE:RE:RE:Resource LimitsIt this environment, only the terminably stupid will refer to high beta producers attempts to maintain liquidity and its shareholders attempts to derive any direction from all the conflicting noise as conspiracy theories. Investing in GXE at this point takes a cast iron belief that demand growth will outpace supply growth. There is also no guarantee that micro caps will even benefit from such an outcome. There is a good chance small, average asset producers will simply blow down producing assets and fade away if rerating fails to occur. Unless new capital is attracted, shareholders are simply flipping pennies among themselves while the SP fades slowly into irrelevance. GXE did themselves no favours with their premature and ill-advised dividend policy.
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