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.

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Gear Energy Ltd > Tax pool

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Comment by JTDOUBLEon Jun 06, 2022 1:12pm

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Post# 34734563

RE:Tax pool

Agreed !! The tax pool is more than tge marketcapilization of 407 Millions..

Quaterly cash flows close to 16 millions!!
Given the price of oil and gas this could easily jump to 18-20 millions..

Six new oil wells and 49 new minted gas wells ..

Management too prudent with their forecast here looking as the next couple quarters even for single digits growth easy 2-3 bucks here given the bullish outlook for oil and gas ..
Sectoral bulls .. tide lift all boat with small company like gxe more traction's compare to bigger plays on this sector..

Ripe for takeover since fair market value with tax pool this one of cheapest play in oil and gas .. Added more here ..