Gear Energy Ltd T.GXE

Double?

[scienceguy36]

I think Eric just said this stock could double!

[Gringotts]

That is exactly what he said! 

[Gringotts]

+ 11% dividend... Yeah...I can see why this company sucks .... NOT! 

[JTDOUBLE]

Lots of potential especially now seasonally strong for oil !!  Time will tell added some today .. 

[Roscoe747]

WCS discount down to $20 and falling

[JTDOUBLE]

  Wonder how much additional productions from newly minted wells from Killam and Tableland which started operations December..  Anybody ?? 

[navajojoe]

This post has been removed in accordance with Community Policy

[Roscoe747]

15% corporate decline rate plus ~ 5-6% growth means roughly 300 bbl/d more than the 2022 annual production rate. The new wells are not all online as some fracs were delayed into the new year but IP 30s should start coming in soon although producers usually only post the numbers in a NR if the numbers are well over the type curve. In my opinion, the waterfloods offer more bang for the buck than

[bobsomething]

Gxe needs 80$ wti in order to maintain the dividend.  EIA is predicting 79$ wti for 2023 and 74$ for 2024.  They should lower the dividend to something that is more sustainable.  But this will result in a big hit to the price when they lower it.  I just don't understand their logic for such a big dividend. Did they expect that wti will average 90$ for 2023?

[Iliveinavan]

Predictions are exactly that, predictions....and the EIA's are ever changing with a history of inaccuracy and political interference. All said ,yes they were premature in bumping the dividend to these levels, but I believe we'll see the payout ratio come down as we move through the spring. 33k shares long.

[JTDOUBLE]

China imports 10.8 millions barrels pre covid.. Now 7.6 millions barrels .. Good possibility China will ultimately get back to 10.8 or more imports of oil per day!!