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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 Roscoe747on Feb 07, 2024 3:03pm
134 Views
Post# 35868162

RE:NCIB..Nothing yet to suggest

RE:NCIB..Nothing yet to suggest

Whatever the new plan is, the insiders have to get off their comfortable perches and take actionn that alters the status quo or risk sliding further into irrelevancy from which there will be no return in this market, present sentiment being what it is. 

New capital is all going to Tier 1 cash cows, not micro caps held hostage by market volatility to spit out their pennies. If the dividend is cancelled and GXE cocks up the buybacks again, shareholders will hold them to account - by leaving.

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