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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 lovehockeyon Nov 18, 2024 6:56pm
35 Views
Post# 36318891

RE:RE:Loading while it still has debt

RE:RE:Loading while it still has debtFundamentally it has been good for year. The problem with this stock is that it is small, pays dividends and doesn't do buyback. All of these factors make it a very easy target to manipulate the price for some players who are interested in long term gain.

This stock can only be recommended who play the long game - you absolutely can't make money off it short and mid terms just due to nature of it. If you are long and do your "buybacks" by buying more with divs you will be rewarded significantly. 
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