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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 bubba9on Mar 21, 2022 9:49am
232 Views
Post# 34530935

RE:RE:RE:February monthly update

RE:RE:RE:February monthly updateYou could say the same of a lot of oil patch companies like Pipe, HWX, BTE etc. I'm a divvy guy myself and also like LBS and DGS (In moderation). ----Personal bias... My wife & I own nothing; except our stocks (90% paying monthly dividends) - plus almost a years worth of cash...

Intrerest rates rise; stock market crashes; we do not care... We bought Gear Energy because this company should be debt free by July. It will then become part of our "dividend" portfolio...

EstevanOutsider wrote: Wonder how they'll manage higher OFS costs? These guys ate struggling to maintain 5500 bbld. I don't understand the love affair with this name. Would love to hear the thesis.


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