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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 > Q3 results...
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Post by lovehockey on Nov 04, 2024 1:58pm

Q3 results...

Will give a good idea Gear will become debt free or not end of the year. They cut the Capex enough to do some damage but it is not clear how everything else was managed. If they say the debt falls to $4.5 million then they should be debt free in 60 days. I really hope debt free will turn on buyback as that is the only real tool now that can improve the stock price.
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