RE:RE:RE:GXE pushing higher news could be comingA lesser understood tailwind for Gear, are the asset writeups they will have over the next few quarters.
This stock is already trading below book value, and every asset writeup (as a result of higher future cash flows at higher prices) will increase that book value, and book non cash earnings, hence the 18 cents a share they earned in Q4.
So this stock is going to get even cheaper to book value, debt dropping to zero, and should be able to increase production at these prices with less than 1 year payback on heavy oil wells.