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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 > A Nice Little Recovery So Far
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Post by marquacon Jan 25, 2022 2:53pm
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Post# 34359213

A Nice Little Recovery So Far

A Nice Little Recovery So Far
Up $.07 (6.73%) at 1:48 PM CST.  Not too bad at all.  Would I be wrong in thinking that maybe a new floor has been established for Gear?  Outside of some catastrophe destroying the oil price.

I was happy to read in the update that reaching debt free still seems to be on target.   I've noticed that they haven't been really promoting anything specific with regards to return of capital to shareholders.  It will be very interesting to read the Year End Report.

Still pretty darn happy to own Gear.  I've got 74,600 shares at about $0.78 so I am hoping that this ride is going to continue for quite awhile. 
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