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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

Comment by Chris007on May 07, 2021 12:28pm
182 Views
Post# 33152798

RE:RE:ok

RE:RE:ok Nutall owns 9.9% of the company as per his comments on market call (april 30 appearance):

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.

https://www.bnnbloomberg.ca/eric-nuttall-s-top-picks-april-30-2021-1.1597554

Once again, just like his ATH stake, he deliberately owns less than 10% of the company, so as not to have to file as an insider.


Backinblack1000 wrote: Have not heard anyone say yet...but this venture into smaller stocks for Eric is abit different than his past purchases, based on the  impact on the business....imo....and i am sure he is well aware of it....so his ownership....is bullish...imo....good gains on a otherwise mixed up friday...glta

swale13 wrote: management owns 11% and Eric has 10 %, your source(?)

its not BNE with 30 million shares but that tightens things up 

Institutional owner ship is  ..  not really here yet 

can you miss the boat and still be early ? 




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