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Gear Energy Ltd. (T:GXE)

Business Focus: Oil & Gas Exploration and Production

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Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for GXE within the last 6 months
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Company News

May 24, 2019 16:27 ET
Gear Energy Ltd. Announces Update to Credit Facilities
CALGARY, May 24, 2019 /CNW/ - Gear Energy Ltd. ("Gear") (TSX: GXE) today announces that the annual borrowing base redetermination of its credit facilities has been finalized. The amended credit facilities have been reduced from a total $115 million to $90 million and is now comprised of a $70 million syndicated revolving term credit facility and a $20 million operating credit facility. The reduction is the result of a variety of factors including the recent Supreme Court of Canada ruling on Redwater whereby any financial resources of a bankrupt entity will first be used to satisfy the outsta
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May 08, 2019 19:55 ET
Gear Energy Ltd. Announces Results of Directors Vote
CALGARY, May 8, 2019 /CNW/ - Gear Energy Ltd. ("Gear") (TSX:GXE) is pleased to announce that the nominees listed in the management proxy circular dated April 1, 2019 were elected as directors of Gear.  The detailed results of the vote for the election of directors held at Gear's annual and special meeting of shareholders held today (the "Meeting") are set out below.
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Valuation Ratios

Industry
Sector
Beta
4.49
--
--
Price to Sales - TTM
1.20
4.52
4.44
Price to Book - most recent quarter
0.68
1.17
1.48
Price to Cash Flow per share - TTM
2.60
5.40
6.39
Price to Free Cash Flow per share - TTM
--
18.38
18.34
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
May 31, 20191,486,938-20,655
May 15, 20191,507,593-45,167
Apr 30, 20191,552,760-300,356
See Short Report

Business Summary

Sector:  Energy Industry:  Oil & Gas Exploration and Production

Gear Energy Ltd. is an exploration and production company with heavy and light oil production in Central Alberta and West Central Saskatchewan. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. The Company's properties include Paradise Hill, Wildmere Cummings, Wilson Creek and Hoosier. Its Paradise Hill property is a heavy oil pool northeast of Lloydminster that produces from the McLaren zone, which consists of approximately 6.5 sections of prospective land with two overlapping sandstones, which are each approximately three meters thick. Its Wildmere Cummings property is a heavy oil pool southeast and northwest of its original Wildmere Lloyd pool. Its Wilson Creek property is located in Central Alberta. The primary target zone is the regional Basal Belly River formation, which is a light oil pool that requires hydraulic fracturing. Its Hoosier property is located in southern Saskatchewan.

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