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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 Aug 19, 2023 9:23pm
121 Views
Post# 35596674

RE:RE:RE:Resource Limits

RE:RE:RE:Resource LimitsIt this environment, only the terminably stupid will refer to high beta producers attempts to maintain liquidity and its shareholders attempts to derive any direction from all the conflicting noise as conspiracy theories. Investing in GXE at this point takes a cast iron belief that demand growth will outpace supply growth. There is also no guarantee that micro caps will even benefit from such an outcome. There is a good chance small, average asset producers will simply blow down producing assets and fade away if rerating fails to occur. Unless new capital is attracted, shareholders are simply flipping pennies among themselves while the SP fades slowly into irrelevance. GXE did themselves no favours with their premature and ill-advised dividend policy.
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