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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 Quintessential1on Nov 24, 2023 11:54am
124 Views
Post# 35751650

RE:RE:RE:RE:Who’s going to buy Gear. Surge passed on it

RE:RE:RE:RE:Who’s going to buy Gear. Surge passed on itI agree it is not going to be a fire sale.  I think $2 a share is a pipe dream but if they can get I'll take it.

They are going to have to show better numbers than in the October monthly report.

I was hoping to see debt reduced or at least flat. 

The higher production numbers are nice but not if they translate to higher costs and more debt.

Hopefully these are just higher one-time tie costs that don't repeat every month as they report further.

I did not think I would have to average down my stink bid fill but  I may have to.

Oversold and too cheap at these levels will also make it an attractive buy.

GLTA



NotThatBright22 wrote: Perhaps this is why SGY pulled the plug.  Not gunna be a fire sale, but rather fair value. GXE should be patient, and we should be the beneficiary of this.


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