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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Post by AliNaimion Feb 23, 2021 3:33pm
273 Views
Post# 32639100

GXE pushing higher news could be coming

GXE pushing higher news could be coming
Like other OG names in Canada recent presentations even those done last month look rather stale. With lenders and reserve reports often considered headwinds the smart move for heavy oil names is to update their respective presentations using price sensitivity at current WCS levels plus minus $10 oil. That would be huge and show investors just how much debt GXE can pay down in 2021. Remember small caps like GXE cannot be masters of their own domain within the current context of lenders. Lenders are forcing hedging, stopping share buybacks and with debt repayment management teams like GXE can take their company back and do what they do best. GXE will run once the market understands how near that day is coming. Management should update presentations so investors can see the magnitude of the turnaround under current commodity pricing!
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