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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Energy Oil & Gas E&P
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

Gear Energy Ltd > Great news for Gear - no acquisition, time to buyback!
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Comment by Iliveinavanon Feb 06, 2024 9:05am
60 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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