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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 > CAPEX...
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Comment by daddyMac9on Jun 13, 2023 6:08pm
109 Views
Post# 35494751

RE:RE:RE:CAPEX...

RE:RE:RE:CAPEX...I belive you're interpreting that slide incorrectly (pg 7 of the May investor presentation).
At $70 WTI gear is forecasting $62M FFO by December-23 YE.  If prices average $90 they would be debt free by year end.  
Debt actually declined by $2.9M in April-23 although oil prices were higher than now.  
Lots of moving parts (SPR releases, WCS discount, Cdn dollar exchange, Capex, etc) but I dont' think it's as dire as you think!

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