Gear Energy Ltd T.GXE

Alternate Symbol(s): GENGF

Energy Oil & Gas E&P

Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan and Southeast Saskatchewan. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its properties include Celtic/Paradise Hill, Saskatchewan; Wildmere Area, Alberta; Wilson Creek, Alberta, and Tableland, Saskatchewan. The Celtic/Paradise Hill is located within Township 52, and Ranges 23 and 24 W3 and is approximately 40 kilometers northeast of Lloydminster, Alberta. The Wildmere field is located within Townships 47, 48 and 49, and Ranges 3, 4, 5 and 6W4, is approximately 200 kilometers southeast of Edmonton, Alberta. The property consists of approximately 24,325 gross (23,000 net) acres of lands. The Tableland property development is predominately focused on the Three Forks/Torquay formation, with minor production from the Bakken and Ratcliffe formations.

TSX:GXE - Post by User

Gear Energy Ltd > Nuttals holdings

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Comment by sportstermathewon Nov 02, 2021 12:00pm

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Post# 34077597

RE:RE:Nuttals holdings

If they end up debt free, a 100% possibility, getting close to half way through 4th quarter.

Why not buy back shares especially if under 90c or under $1.00

But, how many shares is a good amount? 100 million, 150 million?

You need enough for liquidity. BNE has that problem as it jumps in increments due
to lack of liquidity.

Say if you have dividends? I would only reinvest them back into the company. So I guess buying back shares is almost the say thing.

Now some people like dividends to spend but a penny stock?

They definitely need some growth, get up to 10,000 boe /d or more and grow gradually.

Bonus money right now is what this can be used for.

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