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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 > August update....
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Comment by pkrashon Sep 20, 2022 11:46pm
221 Views
Post# 34975494

RE:RE:RE:RE:RE:RE:August update....

RE:RE:RE:RE:RE:RE:August update....
The oil price drop is temporary as Sleepy Joe uses the SPR to buy votes. GXE can always adjust capex and expenses as necessary. They will anyway when WTI drops too low as it's better to leave it in the ground. As a shareholder I don't mind buybacks at depressed share prices and will take the divi cash thank you. No debt. Return all profits to shareholders.
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