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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 Nov 15, 2023 7:31pm
136 Views
Post# 35738118

RE:Not filing for NCIB now is SP sabotage

RE:Not filing for NCIB now is SP sabotageThis isnt the first decent producer Ive seen enter a death spiral because the shareholders lost faith. The SP will do what it will but that fact will not affect any business arrangement that comes from the Strategic Initiative. Gear can keep plugging away at accretive small scale production improvements and reserves enhancements. At worst, they can cancel the $.005 divvy since the SP is beaten down already. Some entity must see a profitable strategy in pounding Gear stock or, shareholders are simply giving up and bailing because Gear is too small to recover.
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