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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

TSX:GXE - Post Discussion

Gear Energy Ltd > WTI over 90 is great but doesn't help us...
View:
Post by BBAccount001 on Nov 04, 2022 1:43pm

WTI over 90 is great but doesn't help us...

unless WCS goes up. The differential is almost $30 now as WCS is only trading at around $60. That's my hypothesis as to why we're not moving
Comment by Roscoe747 on Nov 04, 2022 1:51pm
  Bingo! As I wrote yesterday, the differential went from $US12 to $US30. That $18 difference equates to $4.5 million US per quarter onto GXE's free cash flow. Its down to the SPR releases which should end next week, with any luck.
Gear Energy Ltd
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