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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Energy Oil & Gas E&P
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

Gear Energy Ltd > Nuttall Details
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Comment by Maxmoeon May 03, 2021 12:44pm
157 Views
Post# 33114706

RE:Nuttall Details

RE:Nuttall DetailsThank you Eric.
retiredcf wrote: Last stock in the clip. GLTA

https://www.bnnbloomberg.ca/video/eric-nuttall-s-top-picks~2192589

Gear Energy (GXE TSX)

Gear Energy is a deeply discounted small cap oil stock that is well-run, shareholder friendly, and potentially debt free by next year. With 20 years of “stay flat” inventory, Gear Energy will free cashflow its entire market cap every three years at $65WTI, meaning they could privatize themselves over six times before depleting their drilling prospects. With a current EV/CF trading multiple of 1.8X at $65WTI using a target multiple of 4x we see more than a potential double in the share price. We own 9.9 per cent of the company.


TOP PICK
 
Gear Energy
(GXE-T)
April 30, 2021
 
A microcap. Getting a shrewd operator. Had to operate during the worst bare market in oil. Has 20 years of drilling inventory with 23% free cashflow yield now. 2.1x cashflow at $60 and under 2x at $65. Could privatize themselves 6x before extinguishing inventory. Tons of free cashflow. 4x multiple would mean a double. A very big pricing leverage to a rising oil price. Will be debt free before the end of the year. (Analysts’ price target is $0.71)
 
OIL/GAS
Eric Nuttall 
 
Price
$0.510
Owned
Yes



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