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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 Sep 01, 2022 1:00pm
194 Views
Post# 34935829

RE:10% dividends hoping for a special dividends next year!!

RE:10% dividends hoping for a special dividends next year!!No they are not a good candidate for a takeover. Their assets are spread over 2 provinces and with 5.8k production don't see many suitors that would bother even touting the tax pools you always bring up. There is value here since they have no debt and are valued at about 315 million at current price so that is on the cheap side for 5.8k production. Fresh China lockdowns today will not help with demand so oil currently under pressure. Think it's a little overdone now though but hey could be wrong.
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