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.

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Gear Energy Ltd > What do you think the upside on this is?

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Comment by MarkG1963on Feb 02, 2022 4:02pm

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Post# 34390602

RE:RE:RE:RE:RE:RE:RE:What do you think the upside on this is?

I think no question it will be 6-9 dollars sometime in 2023. I think their breakeven per barrel is under $40 WTI. No debt, so I would think 50% of that will be returned to shareholders.
https://www.bnnbloomberg.ca/video/we-re-on-the-path-to-shareholder-returns-early-next-year-gear-energy-ceo~2338378