Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Luckyelevenon May 30, 2022 7:20pm
120 Views
Post# 34718461

RE:Question???

RE:Question???No depending on the grade of oil there is a discount. The discount on the heavy oil is pretty steep right now running around 18 bucks. Not as bad fo the medium and light. You have o account for the differemtials and the currency. Still very good pricing. The only thing that could hurt is some heding losses on Q3 and Q4 if oil continues to climb. Imo they should only buy puts to keep upside in place. The assets arent great and it is not cheap compared to some others but still lots of upside potential. IF you look at what they are priced per flowing barrel they are actually more expensive than some other names but still very cheap. I think last run got a little ahead of itself at 1.94 but it's been consolidating around 1.4-1.65 and now we could get an easy 20-30% from here short term.
<< Previous
Bullboard Posts
Next >>