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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 pricing now in November Contract
View:
Post by scienceguy36 on Sep 27, 2023 1:34pm

WTI pricing now in November Contract

WTI price is now trading with the November contract. 3rd quarter reporting will not capture the rapid increase in WTI but the 4 quarter results should be impressive.
Comment by lovehockey on Sep 27, 2023 2:12pm
Correct! Q3 results will not be groundbreaking. However this will be an indication that Gear is turning a corner. My expectations are that Q3 results will trigger Gear to go above $1.05. Q4 results will be impressive, possibly $7-8mln debt reduction. I also hope for return of larger dividend in a form of quarterly special dividends. $2 some time in 2024 and large dividends. I also want them to ...more  
Comment by NotThatBright22 on Sep 27, 2023 2:19pm
Insidres may be buying shares....GXE is paying down debt, not buying shares.
Gear Energy Ltd
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