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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 Roscoe747on Jul 23, 2023 1:53pm
177 Views
Post# 35553466

RE:RE:RE:RE:RE:Divvy in danger

RE:RE:RE:RE:RE:Divvy in dangerI think that speculative fundamentals like 'per barrel' and 'present value of future net earnings' are lost in the euphoria of a quick buck based on the oil bull narrative. It will take exponential demand recovery in industrial oil usage to make that happen. A gradual industrial demand recoovery will choke high beta stocks like GXE and, in a highly volatile market, hold their SPs down enough to cause more capital outflows.
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