Gear reported second quarter financial and operating results that were ahead of expectations. The Company reiterates its intent to reinitiate drilling activities this summer with no changes to its guidance. There are no material changes to our 2017e forecast on receipt of its report, and as such our $1.00/sh 12-month target price and Outperform ranking are unchanged.
04 Aug 2016
Gear Reports Second Quarter Results
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Gear Reports Second Quarter Results
Gear Energy Ltd. (GXE:TSE) | 0 0 0.0% | Mkt Cap: 154.0m
- Published:
04 Aug 2016 -
Author:
Robert Fitzmartyn -
Pages:
6
Gear reported second quarter financial and operating results that were ahead of expectations. The Company reiterates its intent to reinitiate drilling activities this summer with no changes to its guidance. There are no material changes to our 2017e forecast on receipt of its report, and as such our $1.00/sh 12-month target price and Outperform ranking are unchanged.