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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 Roscoe747on Jul 20, 2022 12:57pm
105 Views
Post# 34837590

RE:RE:RE:RE:RE:RE:RE:RE:RE:point#3

RE:RE:RE:RE:RE:RE:RE:RE:RE:point#3The 'gap' per share with 258mm shares out is rather small. That's the problem. 258 million shares doesn't go very far into 6k/day production. My preference is to max the NCIB while the stock is way down even using the credit line and paying the credit line off with free cash. Buy back at $1.10 rather than $1.42
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