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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

Post by MohelJFoxon Dec 07, 2021 11:29am
247 Views
Post# 34206438

Ingy ain’t beating around the bush!

Ingy ain’t beating around the bush!2022 81mill cf @75$ wti
ncib top priority
10% share buyback and still have fcf
90% heavy oil output is now around 50% of production
He's a Whitecap shareholder as well
(hints of a future relationship? )
Dividend ------- would fit into the model once decline is stable
"We have not ruled out a dividend, it's one of the top 3 things we are looking at "

Oy Vey !

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