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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 Gringottson Jul 19, 2022 2:56pm
165 Views
Post# 34835199

RE:point#3

RE:point#3

mofwmofw, I tend to agree with you. Many have read the latest Shareholder Update as a negative for one reason or another. I did not.

I read it as a note about a company that has proudly escaped and conquered the bondage of debt! They are telling the market that they can do whatever the *uck they want, when they want, with whomever they want. Good on them.

Eric and the bankers can no longer freely yank their chains. If they want to merge with a company, they can; if they want to buy, a company they can; if they want to pay shareholders a regular dividend and special dividends, they can; if they want to do nothing, they can.

GXE can now negotiate terms THEY like, with entities they prefer to work with. GXE is no longer a dog on a leash. Good for them.


mofwmofw
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