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Bullboard - Stock Discussion Forum 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... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > Year end results Wednesday
View:
Post by hawkowl1 on Feb 16, 2021 10:19am

Year end results Wednesday

February 17, 2021
2020 Q4 Release
(after market close)
Comment by mlcb2525 on Feb 16, 2021 3:43pm
Price has picked up in the afternoon, maybe good news...............
Comment by Nic777 on Feb 16, 2021 5:13pm
WCS is almost at $49 USD.  This company is rapidly deleveraging at this price. I would love to see them announce a buyback program.  Time to reduce the float a bit while deleveraging at the same time.  Or an increase in capex would be good too.
Comment by AliNaimi on Feb 17, 2021 9:19am
Any update made with oil over $60 USD and WCS approx $63 CDN will be positive by nature. We are looking at $50+ Million in CF a stunning $30 million in FCF. Debt should be already under 1X CF so their are some juicy options utilizing GXE's excess FCF. The NR should be a nice catalyst today. 
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