Gear Energy Ltd. (T:GXE)
Business Focus: Oil & Gas Exploration and Production (NEC)
Mixed as of May 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 09, 2024 08:00 ET
Gear Energy Ltd. Announces Appointment of Scott Robinson as Chair of Board of Directors
Calgary, Alberta--(Newsfile Corp. - May 9, 2024) - Gear Energy Ltd. ("Gear" or the "Company") (TSX: GXE) (OTCQX: GENGF) is pleased to announce that Scott Robinson has been appointed as the Chair of the Board of Directors (the "Board") of the Company. Mr. Robinson has been a director of the Company since 2019. Mr. Robinson is an independent businessman who from 2019 to 2023 served as the Vice-President, Business Development of Peyto Exploration and Development Corp. ("Peyto") and from 2006 through 2019 served as Executive Vice President, Operations and Chief Operating Officer of Peyto. Mr. Robinson has a Masters Degree in Chemical Engineering from the Colorado School of Mines and has been a petroleum engineer for over 38 years.
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...
Valuation Ratios
Industry
Sector
Beta
3.64
--
--
Price to Sales - TTM
1.55
3.22
3.40
Price to Book - most recent quarter
0.86
1.43
1.78
Price to Cash Flow per share - TTM
3.86
4.91
6.20
Price to Free Cash Flow per share - TTM
817.23
16.44
16.41
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 30, 2024 | 2,228,970 | -97,759 |
| Apr 15, 2024 | 2,326,729 | 232,050 |
| Mar 31, 2024 | 2,094,679 | -295,022 |
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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