Comment by
pierrelebel on Jan 18, 2023 6:37am
"GXE had to use a small amount of debt to cover the monthly dividend in Q4." That is one way to look a it. I see it differently. The need to borrow a few million dolllars came from the substantial increase in capital expenditures in Q4
Comment by
jleer42 on Jan 18, 2023 8:45am
Nice perspective Pierre :) Those capital expenditures result in Gear showing a production forecast in excess of 6kbpd for Feb through June.
Comment by
lashing on Jan 18, 2023 9:56am
When you guys are caught, busted being dead wrong, you spin yet again. Just admit you were wrong. Cash flow couldnt cover the dividend. PERIOD. Oil must stay over 80 or I gaurentee they will cut div and forever tarnish the stock price into oblivion.
Comment by
pkrash on Jan 18, 2023 12:27pm
I would agree. They could have easily cut back some capex or abandonment $$ to cover the $2.4M but not a big deal. WCS differential is coming down and WTI going back up. I willing to get paid more than 10% to wait and see that new production come on line. SPR ending and driving season coming.
Comment by
navajojoe on Jan 18, 2023 12:48pm
This post has been removed in accordance with Community Policy
Comment by
pierrelebel on Jan 18, 2023 1:27pm
navajojoe asked "So who thinks the dividend is sustainable?" I do. Since you have no "skin in the game" why do you keep posting your negative views?
Comment by
pkrash on Jan 18, 2023 1:40pm
People selling today? They were buying this morning and the stock was up along with oil. GXE also didn't show much selling ex-divi. The market is volitile and can swing on a Powell seeze right now. Maybe you should just buy a safe $500 GIC and not be in the stock market.