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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

Post by Gringottson Feb 23, 2023 11:27am
220 Views
Post# 35300844

The Gear Universe is a good place...

The Gear Universe is a good place..."Gear currently forecasts to be able to execute on its capital budget, maintain the dividend and ensure that net debt remains low by the end of the second quarter of 2023."

The Shorters are becoming more vocal as their fears grow. Continued increase in BOE as well as a marginal increase in WTI and Canadian Select will ensure the Dividend for the third and fouth quarters, and beyond. 

The persistent wine of the shorters tells me they have had no contact with the company, otherwise they would understand why debt had marginally increased. And "No" I will not share with you what I was told by the company. You, "shorties", will have to make the call on your own and do the research. 

As many have said, the Gear shoreholder is in good hands. 
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