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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
> GXE has tough slugging ahead.
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•••
3cap
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Post by
3cap
on Aug 09, 2023 10:02am
GXE has tough slugging ahead.
Each month with higher interest rates it will drag the stock market down.
As banks and peoples finances falter, each time a bank fails, oil will drop and gold will rise.
Oil companies with debt will pay higher costs.
Bitcoin is a ponzi scheme as we get closer to a one world currency.
(233)
•••
pierrelebel
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Comment by
pierrelebel
on Aug 09, 2023 11:57am
3cap - Thank you for your comments. I reviewed all your posts on GXE in 2023 and you have convinced me to buy more. Just placed an order to buy another 10,000 shares at $0.88 (yield 6.8%)
Thank You
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