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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 May 12, 2022 3:17pm
181 Views
Post# 34678990

RE:NCIB

RE:NCIB
In all likely hood GXE is scooping up shares.  Shareholders are selling off at reduced prices while the intrinsic value of those share they are selling off is increasing as the size of the float declines with the buy backs.

As a result when Q2 results (which will be substantially even better then Q1) come out the earnings/share will be even greater as there will be fewer shares dividing up the earnings.  Also, it will allow the potential for a greater dividend per share.





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