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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 masfortunaon May 15, 2023 12:39pm
78 Views
Post# 35448517

RE:The simple facts

RE:The simple factsYou keep changing your tune.  For the last 6 months you kept posting taht they can't pay the divy.  Now you are posting that they can for another quarter but "Maybe" not for q3. And they operated with a fairly large debt for the last 7 years but managed to repay it back in 2 when oil markets turned bullish. Care to explain how they did that clown? Oh wait no need as I already explained it when I said that oil is cyclical and when it turns bullish again, the debt gets repaid.  FYI it has been a bear market for oil for 1 full year (11 months).  
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