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Gear Energy Ltd. (T:GXE)

Business Focus: Oil & Gas Exploration and Production

INK Edge Outlook

Mostly sunny as of January 01, 2020
For the latest outlook, get the company report

Insider Chart - Past 6 Months

INK Ultra Money Free

Insider Filings

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

Dec 18, 2019 07:30 ET
Gear Energy Ltd. Provides 2020 Budget Guidance
CALGARY, Dec. 18, 2019 /CNW/ - Gear Energy Ltd. ("Gear") (TSX: GXE) is pleased to announce that Gear's Board of Directors have approved a $50 million capital budget for 2020 targeting further growth in funds from operations ("FFO") per debt adjusted share through a strategic balance between production stability, continued improvement of the strong balance sheet and additional purchases of Gear's common shares under the Normal Course Issuer Bid ("NCIB"). The Gear team will maintain focus on strong rate of return capital projects from within the deep drilling inventory of over 600 potential lo
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Nov 27, 2019 08:25 ET
Gear Energy Ltd. Announces Completion of its Borrowing Base Review
CALGARY, Nov. 27, 2019 /CNW/ - Gear Energy Ltd. ("Gear") (TSX: GXE) today is pleased to announce that it has completed its semi-annual borrowing base review and no changes have been made to its $90 million credit facilities.
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Valuation Ratios

Industry
Sector
Beta
4.46
--
--
Price to Sales - TTM
0.70
4.83
3.95
Price to Book - most recent quarter
0.44
1.20
1.45
Price to Cash Flow per share - TTM
1.32
5.06
5.60
Price to Free Cash Flow per share - TTM
13.65
17.18
16.36
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
Jan 15, 20202,514,382-258,189
Dec 31, 20192,772,571-7,187
Dec 15, 20192,779,758271,466
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.

See business summary

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