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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 > Great April numbers
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Comment by sportstermathewon May 21, 2021 7:27pm
215 Views
Post# 33252833

RE:RE:RE:RE:RE:Great April numbers

RE:RE:RE:RE:RE:Great April numbersGood numbers for April, lower debt and heading south quickly.  Look at the pricing lately.

So my question is in a few short 9 months or so when debt is near zero or zero what will Gear do with the FFO?

Are they planning a growth strategy?
Dividend cash cow strategy?
Buying back shares?  Especially if under 70 cents and debt free.
all three???

Takeover or small purchase of some property with immediate production boost?

Regarding the monthly newsletter as only one page long, I suppose they can't get into any secret details on stuff but if there is more to say than one page long, go for it.

Will be adding more and buying on dips.

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