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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
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Post by Gord_Albertaon Jul 07, 2022 4:11am
181 Views
Post# 34807468

I am not worried...

I am not worried...GXE has no debt... Think about that for a minute... Interest rates are rising affecting everyone who has debt!

This company has been paying down the debt over the past few years - big time! Now they have no debt; their excess money is to buy back shares or give dividends. Either way, my investment looks good. Almost impossible to lose on this stock.

Just my thoughts.
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