Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s): GENGF

Energy Oil & Gas E&P

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil... see more

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TSX:GXE - Post Discussion

Gear Energy Ltd > Love the variable div.

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Post by Chimpwithdart on May 05, 2022 2:35pm

Love the variable div.

NCIB will start cranking out on monday and the forecasted variable div of 0.026 for q2 can easily be higher due to high oil prices while being unhedged. Q1 will be/was this co's worst q for the year due to hedging and a slow january, it is only up from here. Unfortunately we were dragged down by broader market conditions today! Great time to add.

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Comment by Roscoe747 on May 05, 2022 3:58pm

For this year, a 7 cent divvy at $1.60 sp equals a 4.375% yield. Share price appreciation will entirely depend on what GXE does with the other 70% of free cash flow and execution of guidance. Growth through the drill bit, optimisations or acquisitions and shareholder returns via buybacks or special divvys are the options with maximum flexibility to adjust. Just as a math exercise, 100% of FCF = ...more

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Comment by jake12116 on May 05, 2022 4:20pm

Nice close , not much downside risk I own lots , absolutely thrilled, what's the sp in September? Not a 1.60

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Comment by CandyC on May 05, 2022 4:48pm

September 2022? Or each September for the next several years. They will not go into debt again. Which means that there's tons of buybacks for many many years.

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