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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 28, 2023 7:34pm
151 Views
Post# 35660600

RE:RE:Fact- Gear is up for sale

RE:RE:Fact- Gear is up for sale
lovehockey wrote: They will ramp it up in December to above 5900 boed as per their recent updates. Your number is similar to my thoughts that the merger may be with Cardinal issuing 1 share per 6 gear shares. Currently it is $7.50 which makes it $1.25 per GXE share. 

Gear is drilling at the moment and production can actually become way more than what we all think

At $90+ oil everybody is making money Gear could easily double production with a couple of good drilling results.

They have non core assets that they can sell or lease 
Gear will be a $5 stock eventually 
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