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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.


TSX:GXE - Post by User

Gear Energy Ltd > For those who think GXE is undervalued
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Comment by Quintessential1on Jan 24, 2024 6:54pm
114 Views
Post# 35844035

RE:For those who think GXE is undervalued

RE:For those who think GXE is undervaluedGXE has an average price target of $1 per share so potentially 53% upside

SCR has an average price target of $31 per share so potentially 29% upside

Seems like GXE is a little more beat up here and probably undervalued.

Anyone investing here has that potential upside and gets paid 9+% to wait.

The monthly report showed increased production and reduced debt.

Might be why GXE saw a nice bump today with increased WTI price...they may have more torque. 

GLTA


tylerreddick wrote: For any serious investor, take a few minutes to compare the valuation of GXE with a company like SCR. One is very undervalued, can you guess which one?


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