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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 marquacon Oct 26, 2022 12:28pm
226 Views
Post# 35050267

RE:9% dividends and oil fundamentals still positive..

RE:9% dividends and oil fundamentals still positive..
It is nice that Gear carries no debt now and it appears they have no wish to go back into debt either.  I am hoping that they are stashing some cash away to make an aquisition or two in the future.  I'm enjoying the dividend right now (76,000 shares at approximately .77 cents) and would very much like for it to continue for several years down the line.
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