Bullboard - Stock Discussion Forum 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... see more

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TSX:GXE - Post Discussion

Gear Energy Ltd > Why

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Post by jake12116 on Jun 08, 2022 9:46am

Why

Why does this fail to move up?

moved a big amount of pension money in this 3-4 months ago , been flat while almost every other company has moved higher

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Comment by geezer21 on Jun 08, 2022 10:19am

Very soon it will move up. GXE in the top 10 of best buys in the oil patch. When the hold down is release it will soar.

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Comment by CandyC on Jun 08, 2022 10:23am

The balance sheet gets better and better per barrel. I don't think they started the NCIB yet

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Comment by geezer21 on Jun 08, 2022 10:31am

Share buy backs were to commence in May: https://gearenergy.com/wp-content/uploads/2022/05/Q1-2022-Press-Release.pdf "Effective immediately, Gear will be implementing a variable quarterly dividend with target distributions of approximately 30 per cent of the free funds from operations generated from the previous quarter. For May, the inaugural quarterly dividend payment in relation to the ...more

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Comment by geezer21 on Jun 08, 2022 11:13am

"The balance sheet gets better and better per barrel" GXE has the second lowest debt to equity of 0.10 out of 38 oil companies tabulation of fundamentals.

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