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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 17, 2023 4:03pm
108 Views
Post# 35640462

RE:RE:RE:RE:RE:RE:RE:Good morning $90 oil

RE:RE:RE:RE:RE:RE:RE:Good morning $90 oilNo, I did not 'forget'. Your malodorous response tactic will bear some fruit if you actually delineated the parameters of US shale growth rather than dumping an empty premise into your blame game.

Let me assist you: US shale growth is leading a charge to higher US production in 2023 with better production from fewer wells. 2024 will be even better but US shale suffers from excessive depletion rates, high associated gas production, a lack of DUC wells to draw from, a lack of remaining tier one acreage, high production costs and high interest rates on deployed capital.

The bottom line is that US production growth will not keep pace with demand growth while delineated global spare capacity is emepheral at best. State your case on spare capacity, Tyler, rather than empty throw away gambits.
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