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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 > Gear Balance Sheet - Solid by December 2022
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Comment by JTDOUBLEon Aug 31, 2022 10:28am
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Post# 34932202

RE:Gear Balance Sheet - Solid by December 2022

RE:Gear Balance Sheet - Solid by December 2022

MLEWICKIMBA wrote: 1. Surplus 20M 2. Repairment Charges reduced significantly in fiscal 2022 Also: 1. Limited hedging for F2023 or as they see fit 2. Production 6,000 bpd by December 2022 which means more or sustained FCF 3. Dividend paying Great firm. Top 600 in Canada for sales and market cap.

 

If you think oil have more legs this should be back up the truck here .. 

In the end stock price rises because of earnings !!

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