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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 19, 2022 5:37pm
134 Views
Post# 34972317

RE:RE:range bound??

RE:RE:range bound??Yeah it looked like it was snapping out of being a poor performer the last couple of weeks but now back to the same old. I think no growth to speak of and high abandonment costs are the culprits. I have said it before but think GXE is a value trap now which is fine if that's what you are looking for. Another issue is they are not a take out target looking at their assets, probably very little chance an offer would ever be made for this company. NCIB is dead on arrival with sharecount actually up since Q2 report. If you re not swing trading this you make nothing high dividend or not. 
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