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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 > Divvy vs buyback
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Comment by pierrelebelon May 09, 2024 11:21am
89 Views
Post# 36031239

RE:RE:RE:Divvy vs buyback

RE:RE:RE:Divvy vs buyback
"Thats why there are lots of different investments and vehicles for achieving goals.

I like the divy where it is.  It seems sustianable now and they can pay down some debt and then buyback when the debt isn't an issue.  It might not be for everyone but it is what they have now.  If you want something else why would you invest here and expect them to change it into your investment goals?  Why not just find a stock that meets those goals already?"

BINGO!
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