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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 mesa1on Jun 07, 2022 12:06pm
85 Views
Post# 34737254

RE:RE:RE:Another day.....

RE:RE:RE:Another day.....
Gord_Alberta wrote: Is my calculator broken? 1000 percent???

pierrelebel wrote:
In the last 20 months (from October 2020) GXE is UP 1000% (from .15 to $1.50+).

The term "percent" means "per 100" so 1000% is 1000/100 = 10. Thus if one invests $4000.00 and makes 1000% then the return would be 10*$4000.00 = $40 000.00

Likewise 10 000% is 10 000/100 = 100.


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