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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Energy Oil & Gas E&P
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

Gear Energy Ltd > Initiation of a strategic repositioning process
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Comment by Roscoe747on Nov 21, 2023 1:27pm
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Post# 35746813

RE:RE:RE:RE:RE:Initiation of a strategic repositioning process

RE:RE:RE:RE:RE:Initiation of a strategic repositioning processI have to agree with a forming consensus about S.I. Another reason is that it will give cover for a reset of the business plan that resets the dividend narrative in favour of growth or a stronger balance sheet. Either way, Gear faces higher capex and production costs without a strategic partner with price setting power.
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