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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan and Southeast Saskatchewan. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its properties include Celtic/Paradise Hill, Saskatchewan; Wildmere Area, Alberta; Wilson Creek, Alberta, and Tableland, Saskatchewan. The Celtic/Paradise Hill is located within Township 52, and Ranges 23 and 24 W3 and is approximately 40 kilometers northeast of Lloydminster, Alberta. The Wildmere field is located within Townships 47, 48 and 49, and Ranges 3, 4, 5 and 6W4, is approximately 200 kilometers southeast of Edmonton, Alberta. The property consists of approximately 24,325 gross (23,000 net) acres of lands. The Tableland property development is predominately focused on the Three Forks/Torquay formation, with minor production from the Bakken and Ratcliffe formations.


TSX:GXE - Post by User

Post by Maxmoeon Jan 31, 2024 11:33pm
205 Views
Post# 35856347

I get better lookin each day

I get better lookin each dayAs Mac Davis used to sing. Decades ago. Lord, it's hard to be humble, but as I said a month ago, I picked up GXE at 63 Dec 27th, and topped it of a couple weeks ago at 61. So I'm a bit smug, I'll admit. As I learned 3 years ago it's lonely at the bottom, not the top. No shareholders in the magnificent 7 are lonely, but there surely are only a very few investors buying junior energy stocks at 52 week lows and with very low p/e or p/cf or p/NAV valuations. Heck,the mouthiest are the shorts (good contrarian indicator). I was expecting a bigger January effect pop in gxe but it's up nearly 10%, including the YUGE divy, from the lows of 60/61 so I'm holding for a few more months. Let's see what hope springs forward in a few months as the driving season kicks back in. GLTA. 
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