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 > This may be what Warren calls intrinsic value investing now

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Comment by lashingon Jan 26, 2024 1:26pm

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Post# 35847413

RE:This may be what Warren calls intrinsic value investing now

Same story from $1.50 all the way down

and you've been wrong every time

w8asec wrote: It's possible we're oversold and bottomed...

Compared to certain peers (CJ,WCP), we look good now at this pricing... P/E is really low at 3.8 compared to 5.1 & 5.9

Payout ratio seems to be only 50% compared to 70%

Debt to production is lower also.

Time will tell, but I think I will keep a few stink bids active.