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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

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

Comment by Maxmoeon May 08, 2024 1:16pm
91 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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