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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 petrolia1on Oct 25, 2023 12:27am
193 Views
Post# 35699440

RE:Easily $3 stock under current conditions in 2024

RE:Easily $3 stock under current conditions in 2024they  had a lot  less shares back  than around  60 millions. Right now  they are  in no man's land.A micro cap bellow $1 many people  are restricted  from buying. They should focus more on buying back shares. Unfortunately  I have a position larger than some of their directors. Got sucked in when Eric nuttall  was promoting it.I also own a position in peyto,Don gray  is involved  in both.Peyto also got caught  with their pants down when the shares went from over $40 to less than $1.And they were still investing in cap ex
.When former president  Darren Gee was asked about  share buybacks he said he did not believe  in them,while boasting on their  presentation that their gas plants and other infrastructures were worth more than $20 a share.Go figure.My understandingear does not have much invested in infrastructure. Share buy backs would  be the best  way to improve  investor value.
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