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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 Jun 05, 2023 2:55pm
266 Views
Post# 35480956

Our CEO

Our CEOLast Wednesday , late in the day l called GXE specifically to talk to Ingram Gilmore. I make it a point to speak to the CEO or CIO of any company or ETF l own , not the PR guys just spouting a company line. I find that a one on one , how they answer questions and the inflections in their voice is an indicator of what is going on. I found Ingram a very well spoken gentleman and he was very forthright. He is cautiously optimistic on the future and we discussed oil prices and my opinion the Saudis would cut again as they are noway afraid of Biden. This was on Friday when Ingram returned my call. We discussed other things that seem to bother NJ no end.Why the land package diversification , , his answer was that originally Gear was heavy oil focused and widening differentials was not great so they wanted to move into both light and medium oil as well. Unlike some , l know those different grades of oil are not in land parcels abutting heavy oil tracts. I also understood that as of Friday that we can expect a modest 3% growth in production and maybe more, and l got the feeling , JMHO that maybe a land acquisition or a deal or whatever may be in the works. If true , where and when is anybodies guess.To conclude l was more than happy with the response and will continue to add, as l firmly believe the statement by the Saudis , underproduction in some OPEC countries , supply and demand , summer driving season and the reckless actions by Biden and his stooge  vote buying party are putting National Security at risk. Not that either them or some posters consider it a problem.
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