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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 > Calculation
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Post by CandyCon Jun 01, 2022 2:23pm
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Post# 34724090

Calculation

Calculation

Correct me if I'm wrong. NCIB buybacks hasn't happened yet? 

Last quarter Gear's netback was $56 per barrel. This quarter it's almost $70 per barrel. They are producing 5800 barrels per day. So this quarter they should profit by about $36 million which a great portion will be returned to shareholders. Is this correct?

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