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 > What good is a dividend?

<< Previous

Bullboard Posts

Next >>

Comment by 2021Gambleon Mar 14, 2023 11:23am

72 Views

Post# 35337380

RE:What good is a dividend?

Oh wow, that's such an easy one to answer

First off, if you don't sell, you don't loose $$

Second, the dividend $$ stays the same

So take those dividends, reinvest in the same stock, which is now lower,
   allows you do average down for free,
   and next month you receive even more in dividends
   and if the share price is still lower next month, you buy even more with the more dividends, and average down even more which gives you even more dividends for your entire future of holding the stock - and the stock price is going to go up as you and I both know

More is always better

Cheers