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Bullboard - Stock Discussion Forum
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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TSX:GXE - Post Discussion
Gear Energy Ltd
> Shifting To A Lower Gear
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•••
AlwaysLong683
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Post by
AlwaysLong683
on Mar 15, 2023 1:00pm
Shifting To A Lower Gear
New 52W-Low of 0.93. Good call. When's $100 oil coming again....?
(169)
•••
Roscoe747
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Comment by
Roscoe747
on Mar 15, 2023 2:05pm
The present consensus appears to suggest an average of $90 WTI for 2023. Supply is inelastic and demand is expected to grow by ~2 mmbbl/d. Pessimism rules but summer driving season, jet fuel and diesel consumption may surprise. From my perspective, consumers are not dissuaded from holidaying by high fuel prices.China is the swing demand component. Europe needs to refill storage that is at 55
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