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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (49143)	12/3/2018 7:36:53 AM
From: Goose94	Read Replies (1) \| Respond to of 203376

Gear Energy (GXE-T) ships heavy crude by truck every two days. Gear CEO David Ingram Gillmore can hardly believe it has come to this. Trucking oil across Saskatchewan, he says, is "ridiculous." Mr. Gillmore started Gear eight years ago. The idea was to make money on an unloved commodity: Alberta heavy oil. Gear rode the last boom, early in this decade, then toiled through the bust after 2014. It was hard, but the company never once booked negative cash flow. Today, with the province's oil prices near record lows, Mr. Gillmore is facing red ink in November and December. For Gear, business is the worst it has ever been.