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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

Post by JTDOUBLEon Oct 13, 2022 12:00pm
195 Views
Post# 35022513

Market fully price 3/4 % hike .

Market fully price 3/4 % hike .

In spite of inflationary headwinds , I think the market have already price in the hike seen the turnaround after CPI released today .. 

Gxe will do well here to those patience enough to wait .. 

With almost 9 % dividends, sit back and enjoy the dividends.. 
 

with the rate right now given rule 72 , dividends alone will pay your cost in 8 years aside from capital appreciation..

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