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GENGF - Gear Energy: Excellent Value If You Believe In $75+ Oil
November, 12 2021 09:35 AM
Gear Energy Ltd
Gear Energy is a small Canadian oil producer with an average production of just under 6,000 barrels of oil-equivalent per day. Gear is guiding for a free cash flow result of about C$40M in 2022 using $75 oil. That makes the current enterprise value of around C$300M attractive. Gear is not the cheapest producer in the 5-7,000 boe/day segment but could provide good exposure to the heavy oil segment. For further details see:
Gear Energy: Excellent Value If You Believe In $75+ Oil
Stock Information
Company Name:
Gear Energy Ltd
Stock Symbol:
GENGF
Market:
OTC
Website:
gearenergy.com
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