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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 scienceguy36on Jul 26, 2023 7:36pm
324 Views
Post# 35558710

Thumbs up!

Thumbs up!Continue to feel confident in this management team. Not only are they transparent but they explain the reasoning behind their decisions. Although for me personally, the dividend decrease will cost me about $900 a month. I think that will more than be made up in share price appreciation, with the cost saving measures and the optimistic outlook for oil prices.

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