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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 > March update.....
View:
Post by Luckyeleven on Apr 21, 2022 3:31pm

March update.....

out, looking good. Paid another 5 million last month in debt and funds flow up from February. Whole sector geting beat up today but this should help going forward.
Comment by Bombyass on Apr 21, 2022 4:36pm
Look like the next update will be debt free
Comment by Luckyeleven on Apr 21, 2022 4:43pm
Nah I think the one after that. If you look they averaged 108 on WTI and April not as strong. Bottom line it will happen. It's frustrating but remember the stock did the same a few months ago before it broke out. You will get 25% on this very quickly once it moves. 
Comment by Ramsy40 on Apr 21, 2022 5:47pm
Amazing update. Just 6.7 million dollars debt left as of March 2022. 
Comment by jake12116 on Apr 21, 2022 7:10pm
Amazing, will we see a significant increase in share price ?  if oil remains around this level , when ?  
Comment by Sugaree on Apr 21, 2022 7:49pm
I have bought a lot of GXE this week in the $1.55 - $1.58 range. One of the very few that has not bounced back from March lows. It had trended with ATH until recently, so I think it is ready for a bounce to next level around $2.00 in short order.
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