Tue, December 3, 2024
Mon, December 2, 2024
Sun, December 1, 2024

Stocks in play: Gear Energy Ltd.

The article from The Globe and Mail discusses Gear Energy Ltd.'s recent operational updates and financial performance. Gear Energy announced that its 2023 capital expenditure program was completed under budget, with total capital spending amounting to $41.5 million against a budget of $45 million. The company also reported a significant increase in production, averaging 6,322 barrels of oil equivalent per day (boe/d) in the fourth quarter, up from 5,978 boe/d in the third quarter. This increase was attributed to successful drilling and optimization efforts. Additionally, Gear Energy highlighted its focus on environmental, social, and governance (ESG) initiatives, including a reduction in greenhouse gas emissions intensity. The company also provided an outlook for 2024, expecting to maintain production levels while continuing to manage costs effectively.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/GXE-T/pressreleases/29848861/stocks-in-play-gear-energy-ltd/ ]