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 > JPMorgan bullish on oil WOW $150

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Comment by Roscoe747on Sep 24, 2023 1:37pm

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Post# 35651296

RE:JPMorgan bullish on oil WOW $150

Including the fact that the futures market is in backwardation. 2026 oil futures are ~$70 which means there is little incentive for production growth at this moment in time. All in all, year over year demand growth plus the disincentives to supply growth, both fundamental and political, makes a strong case for a structural supply deficit.

The multi-year oil bull narrative continues.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle