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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 > Eric Nuttell...
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Comment by uwebb429on Feb 24, 2023 5:52pm
91 Views
Post# 35304583

RE:Eric Nuttell...

RE:Eric Nuttell...Maybe Eric needs to read the January Monthly Update and get up to speed on GXE.

https://gearenergy.com/wp-content/uploads/2023/02/2023-January.pdf

11.0 M of debt. That is kind of shocking compared to the 7.0 M surplus at the end of Q3. Just a matter of time before the bank steps in and tells management, no more using debt to pay your generous dividend. It is not sustainable. 
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