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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

Comment by geezer21on Mar 20, 2022 10:47am
331 Views
Post# 34529407

RE:RE:February monthly update

RE:RE:February monthly update
"I don't understand the love affair with this name. Would love to hear the thesis."


80% profit margin, in the top 10 most profitable in the oil patch.  You can check that fundamental with your on-line broker. 

10,000 bbl in inventory to be sold at elevated prices this month.

Production increased latest year and scheduled to increase in 2022

Growing Funds from Operations. In top tier with funds from operations of $29.6/bbl and 0.4x debt to FFO.

Debt to be eliminated this quarter.

Check out Gear's website:  https://gearenergy.com/

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