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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 > And oil is dropping again.
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Post by navajojoeon Jun 22, 2023 8:42am
102 Views
Post# 35508734

And oil is dropping again.

And oil is dropping again.All of the oil "experts" thought the price of WTI had nowhere to go but up.

I guess they weren't "experts" after all.

And now that GXE is spending capex again, they will borrow even more to pay the dividend. All that does is siphon value out of the share price.
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