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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

Post by lovehockeyon Sep 05, 2023 4:03pm
210 Views
Post# 35620537

Owners of GXE are for the long haul

Owners of GXE are for the long haulOn a day like this there is only 1 million shares traded should tell you something. Majority of large shareholders are not day trading these shares, we only see a tiny portion of shares available for purchase. That explains why they had to stop the buyback - it drove the share price too high too quick. You can't even day trade this thing as you can't buy anything reasonable without dr8ving this stock 4-5%. I wonder if there is a plan to just go private as with 100 dollar oil this is just a money printing machine.
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