Gear Energy Ltd. (T:GXE)
Business Focus: Oil & Gas Exploration and Production (NEC)
Mixed as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for GXE within the last 6 months
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Company News
May 01, 2024 19:18 ET
Gear Energy Ltd. Announces Results of Directors Vote
Gear Energy Ltd. ("Gear") (TSX:GXE) is pleased to announce that the nominees listed in Gear's management proxy circular dated March 14, 2024 were elected as directors of Gear. The detailed results of the vote for the election of directors held at...
May 01, 2024 16:01 ET
Gear Energy Ltd. Announces First Quarter 2024 Operating Results
Calgary, Alberta--(Newsfile Corp. - May 1, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) is pleased to provide the following first quarter operating update to shareholders. Gear's Interim Condensed Consolidated Financial Statements and related Management's Discussion and Analysis for the period ended March 31, 2024 are available for review on Gear's website at www.gearenergy.com and on www.sedarplus.ca.
Valuation Ratios
Industry
Sector
Beta
3.65
--
--
Price to Sales - TTM
1.45
2.86
3.22
Price to Book - most recent quarter
0.80
1.40
1.76
Price to Cash Flow per share - TTM
3.66
4.65
5.46
Price to Free Cash Flow per share - TTM
--
16.84
18.19
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 2,326,729 | 232,050 |
| Mar 31, 2024 | 2,094,679 | -295,022 |
| Mar 15, 2024 | 2,389,701 | -68,762 |
Business Summary
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan and Southeast Saskatchewan. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its properties include Celtic/Paradise Hill, Saskatchewan; Wildmere Area, Alberta; Wilson Creek, Alberta, and Tableland, Saskatchewan. The Celtic/Paradise Hill is located within Township 52, and Ranges 23 and 24 W3 and is approximately 40 kilometers northeast of Lloydminster, Alberta. The Wildmere field is located within Townships 47, 48 and 49, and Ranges 3, 4, 5 and 6W4, is approximately 200 kilometers southeast of Edmonton, Alberta. The property consists of approximately 24,325 gross (23,000 net) acres of lands. The Tableland property development is predominately focused on the Three Forks/Torquay formation, with minor production from the Bakken and Ratcliffe formations.
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