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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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Comment by pierrelebelon Jan 18, 2023 6:37am
244 Views
Post# 35229897

RE:Q4 Debt (-$2.4 M)

RE:Q4 Debt (-$2.4 M)
"GXE had to use a small amount of debt to cover the monthly dividend in Q4."

That is one way to look a it.

I see it differently.

The need to borrow a few million dolllars came from the substantial increase in capital expenditures in Q4
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