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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 freedom-1970on Nov 14, 2024 8:44pm
100 Views
Post# 36314066

RE:The longer term problem

RE:The longer term problem

First Trump will take a million barrels off line with Iran .. demand is growing every year . And the American producers will not increase production without solid prices to support investment. 

World is still in the middle of many wars and believe anything under $60 dollars will stop any major development. 

GXE needs for hedge production with a nice option program. 

With the debt elimination this will be a company of recycling dollars on present assets. I would love to see a merger in 25 with a nice clean assets in Alberta. 

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