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.

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Gear Energy Ltd > This may be what Warren calls intrinsic value investing now

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Post by w8asecon Jan 26, 2024 4:57am

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Post# 35846534

This may be what Warren calls intrinsic value investing now

It's possible we're oversold and bottomed...

Compared to certain peers (CJ,WCP), we look good now at this pricing... P/E is really low at 3.8 compared to 5.1 & 5.9

Payout ratio seems to be only 50% compared to 70%

Debt to production is lower also.

Time will tell, but I think I will keep a few stink bids active.

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