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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 YesSetForLifeon Sep 20, 2023 1:48pm
80 Views
Post# 35645744

RE:RE:Question

RE:RE:Question
jleer42 wrote:
As someone answered your question on the Baytex board, the share price is not a reflection of the size or "cheapness" of a company.
 
I gather from your post you might be making one purchase and not doing your own DD. If this is the case you would be better off with an ETF; XEG, ZEO, NNRG, etc. If you want to buy a single oil company then a large stable company would be better; CVE, MEG etc. It would be a mistake to buy a smaller cap oil company as a single investment. There is a big difference between investing and speculation (gambling).

 

Thank you but etf is not something I'm comfortable with 

$7000 cannot buy me much but I'm looking around 

Baytex is too much money for me
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