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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 Maxmoeon May 08, 2024 1:16pm
104 Views
Post# 36029293

RE:RE:RE:RE:RE:RE:Maxmoe

RE:RE:RE:RE:RE:RE:Maxmoe I bought a gold stock with similar characteristics. Unheard of 6%+ yield when I bought it because the divy gave no support as the stock dropped from $6 to $5 to $4 to 3.50 where I bought it. It dropped despite gold setting all time high prices because of its operations in africa being at risk while the new mine in Nunavut is still a year plus away from production. Perfect time if you follow the lassonde curve. I Couldn't care less about the dividend, and just like gxe I'd be happy if they cut it and reduced debt or bought back stock. BTO, takin care of business. It's much higher risk than abx or fnv, but the upside torque reflects that. Dyodd.  
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