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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 CountryBoy69on Apr 17, 2023 2:15pm
350 Views
Post# 35398882

Thoughts on Gear

Thoughts on GearThe recent price moves , decline are in my opinion a short term phenonomen. Gear har good prospects , very positive FCF , very low debt that many mid caps or majors probably eny and a great dividend which is more than sustainable.Yes there has been selling by insiders, for reasons known to them. In my opinion and only mine l look at a couple of factors. More than a10% rise after the OPEC announcement and insiders who purchased at a whole lot less than even the current price. Since their income comes from working for GXE and perhaps a lot of their stock holdings Katie's up in GXE then diversifying and booking a profit is understandable. Nothing wrong with spreading your money out in other stocks and booking a profit is never a losing proposition. That's my take  , but l amas new shareholder holding my 25000 shares and have  a bid in for 5000 mo re that l look forward to been filled.
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