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.

TSX:GXE - Post by User

Gear Energy Ltd

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Post by CandyCon May 24, 2022 1:50pm

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Post# 34704208

Netback

Netback in Q1 was a record $56. WTI is averaging $104 in Q2 so far. Netback for Q2 should be greater than $65. In other words about $34 million for Q2. Should be over $130 for this year. I don't believe they started share buybacks from Q1 yet. Should be a great year

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How one company is disrupting PoC testing