Gear Energy Ltd T.GXE

GXE Entering 2023

[geezer21]

GXE is entering 2023 with the highest eps/share price ratio of 43.4% of 42 Canadian oil producers.

eps $0.49/$1.13 = 0.434

That translate into the lowest p/e of $2.30 of all the producers.

With zero debt all GXE profits are going to share holder equity and the highest dividend yield of 11% in the oil patch.

GXE started 2022 at $0.90 and gained $0.23 or 25.6% while the S&P lost 19% and 10 year treasuries lost 16%.

Oil and gold were the top 2022 winners. With mulitiple macro conditions in place both gold and oil will continue to excell in 2023.

[Roscoe747]

Mining did the gaining today while oil stocks tanked 4 - 14%. Gear did not bad, losing 5.3%. 2023 will be volatile like 2022 with recession and China demand at the top of concerns Consumer demand will likely shrug off recessionary concerns as well as high interest rates, gas prices, inflation etc as pent up travel demand appears to trump price inflation. China air travel is surging. The likely