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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 BBAccount001on Jan 18, 2023 2:40pm
191 Views
Post# 35231288

RE:RE:CAPEX or Dividend

RE:RE:CAPEX or DividendI'm holding GXE as a proxy for WTI/WCS prices. Better than buying an oil ETF, atleast I get some income here. I'm holding out for that hail mary to exit as I don't think GXE is viable long term. They appear to be tapped out. They are producing as much as they can from their fields. The only thing they can do is reduce G&A but that will only bring in a couple million.
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