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.

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Gear Energy Ltd > Will GXE join the consolidation party?

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Post by zack50on Jan 18, 2023 10:49am

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Post# 35230556

Will GXE join the consolidation party?

From Jeremy McCrea Director of Energy Research at Raymond James

Here today, gone tomorrow - seems to be the theme for Oil & Gas names. Despite the number of listed companies down 69% since 2011, consolidation has led to a stronger group of 30 companies over $1 bln in MCAP. Who's next to join the consolidation party?

With seemingly stronger CDN Oil & Gas companies, the level of interest in 2022 meaningfully jumped to the upside with ‘Value of Trade' increasing 120% to $467 bln in 2022 (vs. avg)

Much of the increase in CDN Oil & Gas 'Transaction Value' came from a higher # of trades – a 38% increase over the last decade (to 54 mln trades in 2022)

Despite fewer names in the sector, consolidation has brought more interest and more relevance with institutional investors today - with the setup for 2023 looking similar once again.