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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 > Q4 Debt (-$2.4 M)
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Post by uwebb429on Jan 18, 2023 1:54am
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Post# 35229796

Q4 Debt (-$2.4 M)

Q4 Debt (-$2.4 M)Monthly Update
https://gearenergy.com/wp-content/uploads/2023/01/2022-December.pdf

As some people on this forum predicted, GXE had to use a small amount of debt to cover the monthly dividend in Q4. 
 
If WTI stays near $80 and the WCS differential continues to narrow, GXE should be able to resume covering the dividend from cash flow. 
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