Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s): GENGF

Energy Oil & Gas E&P

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

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TSX:GXE - Post Discussion

Gear Energy Ltd > Great April numbers

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Post by Rational43 on May 21, 2021 9:54am

Great April numbers

$3.7M CF in the month, $6M reduction in debt, higher production, fantastic update and shows that the higher prices lead to higher cash to spend increasing production, which becomes a virtuous cycle with wells paying back in under a year.

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Comment by Backinblack1000 on May 21, 2021 9:58am

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Comment by WCWiteration3 on May 21, 2021 10:06am

is not oil dropping?

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Comment by Backinblack1000 on May 21, 2021 11:25am

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Comment by Backinblack1000 on May 21, 2021 1:27pm

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Comment by sportstermathew on May 21, 2021 7:27pm

Good numbers for April, lower debt and heading south quickly. Look at the pricing lately. So my question is in a few short 9 months or so when debt is near zero or zero what will Gear do with the FFO? Are they planning a growth strategy? Dividend cash cow strategy? Buying back shares? Especially if under 70 cents and debt free. all three??? Takeover or small purchase of some ...more

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