RE:RE:RE:10% dividends hoping for a special dividends next year!!The news came out June 5th and they did state if it happens. So not really delayed if you account for a review by government lol. I'm okay with the pumpers although they do sugar coat the facts. At current O&G prices they are definitly not paying out only 33% of FCF maybe at peak prices they were. The stock wouldn't be trading at 1.22 if it's all roses. They will have a hard time growing production so not much of a growth play but more a value play. As far as the dividend goes 10% is out of whack, you either will have the share price move up in time or the dividend will get cut some if oil declines. I would bet the share price moves up. Today it actually over performed but it did underperform for 7 straight trading sessions prior to today. I'm okay holding but no doubt have been frustrated with this stock but it is what it is like Roscoe described.
The transfers are currently classified as "Pending" with an estimated 60 to 90 days required for review by the AER. In addition to the required AER approvals for the transfers, there are a number of other conditions for closing the sales transaction and as such there is a high degree of uncertainty as to whether the transaction will ultimately be completed. If and when the sales transaction is completed, Gear will determine whether any update or adjustment to its 2022 production or financial guidance is necessary.