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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

Post by Gringottson Jun 21, 2022 3:01pm
289 Views
Post# 34772046

No Recent Share Buybacks...

No Recent Share Buybacks...According to SEDI, Gear has not purchased any shares for cancellation since May 31. That purchase was for for 1,688,000 shares. It appears that Gear is making one purchase every month, and that is at the end of the month. I hope they make a rather large purchase for June. Based on the market, and its fear of inflation and rising intrest rates, GXE needs to purchase as many shares as it can to support the stock in this challenging time. 

This little gem, regardless of all the noise, is still significantly undervalued. 

glta 
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