gear energy monthly update feb
Posted: Mon Mar 20, 2023 11:41 am
https://gearenergy.com/wp-content/uploads/2023/03/2023-February.pdf
cash negative again, indicative of others partially due to cap x and weaker prices
For the first two months of 2023, Gear has invested
$16.4 million. However, from March to June 2023, capital
investment is expected to be significantly lower as we enter into
spring break-up, which severely restricts our access in the field.
Avg wti
Jan 78.16
Feb 76.86
Now 65.86
We need to be cognizant of companies with high debt levels and act accordingly or you can hope and do nothing.
cash negative again, indicative of others partially due to cap x and weaker prices
For the first two months of 2023, Gear has invested
$16.4 million. However, from March to June 2023, capital
investment is expected to be significantly lower as we enter into
spring break-up, which severely restricts our access in the field.
Avg wti
Jan 78.16
Feb 76.86
Now 65.86
We need to be cognizant of companies with high debt levels and act accordingly or you can hope and do nothing.