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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 Oldgreyguyon May 08, 2021 11:27am
162 Views
Post# 33159718

RE:RE:the eric effect

RE:RE:the eric effectJust to clarify, he talks about using "free cash flow" to privatize itself.  Free cash flow is defined as cash flow available after spending capital required to sustain production.  This means tcash flow after investing enough capital to keep production flat so this does not result in 40% declines.  I don't know how good their assets are but they did manage to survive a very tough environment and times appear to be much better now.
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