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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 bonjovi501on May 03, 2023 10:09pm
225 Views
Post# 35429068

Not Liking The Increase In Debt And Lower Production

Not Liking The Increase In Debt And Lower ProductionLooks like GXE jumped the gun with the dividend and now are sliding further and further into debt with these low oil prices that looks like could be here for the rest of the year even though Nuttal says $100 oil coming soon. Nuttal has been talking like this for many months and each time it sinks back into the $60 range for a barrel of oil. Nuttal lives in a fantasy world and needs everything running smooth for that to happen but those days are forever gone. Could be some selling tomorrow and thank God summer is coming and maybe that will bring the price of oil higher. Might be a good time to hedge some oil on the next spike up.
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