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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 Iliveinavanon Feb 06, 2024 9:05am
69 Views
Post# 35864932

RE:Great news for Gear - no acquisition, time to buyback!

RE:Great news for Gear - no acquisition, time to buyback!
NikoDoughski wrote: Saw a big RBC buyer these past few days, thinking it's probably Nuttall getting in as he is good friends of HFI Research who sits on the board. Likely a major buyback and SIB is coming in addition to a big fat juicy dividend. Offers didn't meet expectations as Gear has a HIGH bar. I am excited about the go-forward and our firm will be buying more today if we can. 
Agreed. In addition to the NCIB, we may see significant insider buying now that the blackout has lifted....happy the uncertainty is removed and we can move forward.


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