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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 3:06pm
89 Views
Post# 36029542

RE:Maxmoe

RE:MaxmoeIt's not somewhat insulting. It's downright insulting. It's also insulting to think a small cap oil stock should be managed to suit the preferences of GIC refugees. I'm sticking to my point that nobody should buy small cap cyclical anything for a dividend yield that is 8% . It will inevitably end badly or at the very least , if the underlying cycle is in tune, it will underperform. That's my opinion. Ignore me if I hurt your feelings, but that's how I've seen it go countless times over 40 years. It's not that complicated. If you invest for steady reliable compounding dividends, don't pile on the risk of volatile cyclical companies. Especially small caps. If you want outsized growth and gains you have to add risk, you can't get those returns in a GIC. Good luck
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