Gear Energy Ltd T.GXE

GXE for/against

[SecondhandGnus]

This is my first post on GXE, or any stock that I don't own--good luck to all holders, as I don't have a horse in this race.
Gear was the smallest company that E.N. owned, so now that he's out owners will have to ask themselves 2 questions:
1. Can he move the needle through ownership stake and/or publicity? (I'd say "yes" for small to mid-caps.);
2. Did he lead me to Gear in the first place? (I came at it via its links to Peyto.);
For what it's worth, I suspect that GXE will enter a period of lower than average volatility, ironically (temporarily) taking on some attributes of a much larger company. Debt is gone, but ARO is still high. Company has a small production that is dispersed, yet they communicate well and are trying to tidy up the company.
in other words, this would be a great "undiscovered gem" except that it was discovered and highly publicized on BNN, bringing your profits forward.  I'll consider buying later if their legacy ARO-heavy divestment goes through and they add some complementary land.  I expect stable and a bit boring in the meantime.

[Roscoe747]

Gear can keep production flat for 20 years with maintenance capital. It's $80 million abandonment and reclamation obligations are estimates and will be subject to inflationary pressures and skills shortages but as long as the process remains current ARO should be quite manageable. July 27, after markets is the scheduled release of the Q2/22 financials. We shall find out the Q2/22 variable