Gear Energy Ltd T.GXE

Alternate Symbol(s): GENGF

Energy Oil & Gas E&P

Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan and Southeast Saskatchewan. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its properties include Celtic/Paradise Hill, Saskatchewan; Wildmere Area, Alberta; Wilson Creek, Alberta, and Tableland, Saskatchewan. The Celtic/Paradise Hill is located within Township 52, and Ranges 23 and 24 W3 and is approximately 40 kilometers northeast of Lloydminster, Alberta. The Wildmere field is located within Townships 47, 48 and 49, and Ranges 3, 4, 5 and 6W4, is approximately 200 kilometers southeast of Edmonton, Alberta. The property consists of approximately 24,325 gross (23,000 net) acres of lands. The Tableland property development is predominately focused on the Three Forks/Torquay formation, with minor production from the Bakken and Ratcliffe formations.

TSX:GXE - Post by User

Gear Energy Ltd > Lovehockey

<< Previous

Bullboard Posts

Next >>

Comment by pierrelebelon May 03, 2024 1:18pm

80 Views

Post# 36022024

RE:RE:Lovehockey

"... currently buyback would have been a better choice over divs for Gear..."

I am not so sure. The new buyback program announced in late February limits the company to buy a maximum of 162,537 shares daily:

"The total number of Shares that Gear is permitted to purchase is subject to a daily purchase limit of 162,537 Shares,"

Would that influence the share price? I do not think so. A dividend yield of 8%/9% represents a nice floor until such time as higher net cash flow and profit are realized later this year.

<< Previous

Bullboard Posts

Next >>

A junior copper-gold stock trading at a bargain of monumental proportions