Gear Energy Ltd T.GXE

GXE hit $6.25 during july 2014..Price per wti...

[JTDOUBLE]

was between 107-111..Now WTI is 120 per barrel we are trading at 1.52..

The company now lean and one of lowest cost producers sporting gross margin about 60%..

This should be trading minimum half of its high at 107 wti..

Still think one of most undervalued plays a have out 7 oil stocks..

[Luckyeleven]

Yeah but back then more production and only 72 million outstanding shares and now 260 million. Imo not undervalued at all compared to others although I own it and like it hence the trading action recently. Assets just okay and when you look at the whole package including abondnment expenses they actually trade a little it of a premium to most. Keep it real, can't just pump without any

[sclarda]

Luckyeleven wrote Yeah but back then more production and only 72 million outstanding shares and now 260 million. Imo not undervalued at all compared to others although I own it and like it hence the trading action recently. Assets just okay and when you look at the whole package including abondnment expenses they actually trade a little it of a premium to most. Keep it real, can't just pump

[Roscoe747]

sklarda, as long as the BoD and Mgmt don't start empire building with all that cash flow. They may become tone deaf to shareholder returns when acquisitions become available. With a 20 year depth of inventory allowing flat production on maintenance capital, there is no reason to chase growth or acquisitions. Committing only 30% of free cash to dividends gives them 70% to tinker with. While

[CandyC]

With Most energy companies down about 4% in premarket it would be a great day to start the NCIB 

[CandyC]

give it time and we are due for a few spikes to $2-2.3