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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

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

Post by PUNJABIon Jan 28, 2022 10:39am
241 Views
Post# 34371083

New high

New high The stock opened at a new high as WTI created a 7 year high. Decent volume. 


This stock trades with the oil prices and oil stocks.

One should keep a close eye on the short position not big yet. The new high of $1.21 with 260m shares puts the market cap of the company at about $314 m.

The stock has performed well considering its production size and the market cap.

Fundamental Data - GXE
 
Market cap on last close
 
Security Type Equity
Shares Issued 260,168,929
Market Cap 299,194,000
Year High 1.16
Year Low 0.25
Annual Earnings/Share 0.19 CAD
P/E Ratio 6.052631
Annual Dividend/Share 0.00 CAD
Annual Dividend Yield 0.00 %
Ex-Dividend Date  
Sector 10102020 - Oil & Gas Exploration & Produ




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