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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 Luckyelevenon Aug 23, 2022 2:40pm
124 Views
Post# 34914957

RE:RE:RE:TVE and GXE monthly dividends..!!

RE:RE:RE:TVE and GXE monthly dividends..!!Depends how you look at it. Many near 52wk highs. GXE came down more than most. So yes had rebounded well the last month or so but still doesn't change the fact it's an underperformer. Seeing it trading basically flat today is disappointing no matter how one twists it. They need to start buying back some shares again and boost production. Also too much money being spent on ARO. I don't think you see 2.75 next year unless oil spikes very high. It's not cheap here and valued fairly looking at their production and assets. 
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