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 > WCS

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Comment by traderlong2on May 01, 2024 10:43pm

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Post# 36018707

RE:WCS

Western Canadian Select traded at a discount of $10.30 to WTI, up from a discount of $12.50.

Q1 was solid
should be great Q2 without the loss of bpd in that cold snap in jan
debt dropping
new ceo seems focused
pay off the debt
keep drilling
excess then can go to share buy backs
all while paying a solid divy
glta

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