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Bullboard - Stock Discussion Forum 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... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > solid 3Q results
View:
Post by Nic777 on Nov 04, 2020 4:40pm

solid 3Q results

Paid out ~$10M of debt to bring it down to ~$60M.  They will continue to pay it down during Q4.

They are ahead of their plans shown on their corporate presentation.  Look at slide 8.
Comment by Kramerkarma on Nov 04, 2020 9:03pm
I thought they were solid also. Plus 2-4 months till a balanced market. So let's hope higher prices bring up share prices and or get that debt re financed. I dont like 60M$ @ 16c very much.
Comment by Kramerkarma on Nov 22, 2020 11:57pm
more lockdowns add another 3 months to 60$ brent.
Comment by Kramerkarma on Nov 26, 2020 11:14am
I sold out for TAL. GL guys GXE is good and I hope to return at another opportunity.
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