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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 YesSetForLifeon Nov 03, 2023 2:50pm
54 Views
Post# 35716369

RE:New buyer

RE:New buyer
Maxmoe wrote: HI kids! Sorry tyedick but I looked and looked but couldn't find a cheaper stock. I avoided this stock for the last couple years since they started paying a stupid dividend. Now it's so cheap compared to everything else, I should make money DESPITE their mistakes. It's easy Pickins for another small/mid cap to take it over. No, there is no wash trade conspiracy going on here, sorry, it's just been poor management. $80 oil should bail even these guys out. You'd think having their feet to the fire once before they'd want a better balance sheet rather than pay a stupid useless dividend, but apparently not. Making 52 week lows when my other names are at or near 52 week highs? Can't continue for much longer. Buckle up. 

I like your logic it makes sense 100% agree with you Maxmoe
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