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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 > Debt free before EOY
View:
Post by lovehockey on Aug 03, 2023 11:24am

Debt free before EOY

So with the oil prices soaring, Opec cuts, low SPR we are destined for the oil to be expensive in short and medium term. $14 mln of debt, reduced divs - if Gear doesnt spend any money on some land aquisitions the company will be debt free by end of year. There will be times when you will look at today's price of Gear and say I wish I could have bought more then. Have a great August!
Comment by Reachme on Aug 03, 2023 11:40am
Oil price gaining and Gear should be able to raise production 10%+ more with less dividend and expenses......the share price will double no worries
Comment by lashing on Aug 03, 2023 12:07pm
thats what you said when is was 1.50 .... anyone following your past advice lost nearly half
Gear Energy Ltd
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