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 > Debt free oil company

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Comment by lashingon Dec 01, 2022 2:12pm

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Post# 35143858

RE:RE:RE:RE:RE:RE:Debt free oil company

You can buy a cash account no term high interest account right now on TD for 3.4% rate.
HIgh interest accounts are 3 - 3.8% online

So its not 10% but t HIGH interest environment compared to rpevious years. Cash makes money today and the only reason anyone looks at this stock is the dividend. So not far out to questions its health since any change would tank it and tank it HARD

7Twiggy wrote: If you are not, I apologize, but in my experience individuals who bad mouth a company are usually doing it for a reason. A lot into this stock because of the dividends at a time when the banks are still paying peanuts for interest.

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