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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

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

Comment by masfortunaon Dec 01, 2022 2:12am
88 Views
Post# 35142004

RE:RE:RE:RE:RE:RE:RE:Enough Already

RE:RE:RE:RE:RE:RE:RE:Enough Already
navajojoe wrote:
masfortuna wrote: Sure they can use the surplus??? That's your answer???
So then they can pay the divy.  That was the argument. So basically you are contradicting yourself and admitting that your statement was false.. 
 


Like I said, borrowing money from the surplus to pay the dividend is NOT sustainable.

But since you obviously don't understand anything about the business, and are too stupid to be able to crunch numbers, I guess I'll let you live in your fantasy world. You will pay the price for your ignorance.

But your posting here makes GXE investors look like morons, as no one else is confronting your stupidity. The ones who aren't as dumb as you, are simply dishonest.


you keep changing your tune.  The argument was NOT whether using the surplus was sustainable. You keep moving the goalposts. That's why nobody is chiming in. You must be a real pleasure to be around at home :)

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