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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 Sep 13, 2023 12:27pm
93 Views
Post# 35634054

RE:Comment from IV

RE:Comment from IV

Tyler is very selective in his use of metrics. GXE is not a quick buck proposition but for 'investors' rather than 'traders' with a long term horizon, the future looks fairly secure. A 7.5% dividend and ~ 18% fcf @ $70 with maintenance to hold production flat. 

Management needs to execute guidance and shareholders need to see 6,000 bpd held flat on ~ $50 mm capex. ARO opportunities need to be fully explored. The reluctance of the AER to transfer licenses suggests a new model of abandonment is required. 

Nothing will happen with this stock unless a catalyst occurs to bring generalist investors back either by oil price appreciation or improved execution of guidance.

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