Gear Energy Ltd T.GXE

Another Conspiracy Theory Bites The Dust.

[Quintessential1]

Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") confirms that the March 2024 monthly dividend of $0.005 per common share is to be paid on March 29, 2024, to shareholders of record on March 15, 2024.

https://stockhouse.com/news/press-releases/2024/03/04/gear-energy-ltd-confirms-monthly-dividend-for-march-of-0-005-per-share

GLTA

[HemmingfordJoe]

Will you continue to be so giddy,  happy and content with the silly dividend if the share price just continues to remain right here ?

[Quintessential1]

Sure,  but one does not necessitate the other. GLTA

[Quintessential1]

No buybacks either.  Thats number 2 down. I guess they are just going to produce and sell oil and pay down debt when they can.  Works for me.  Looking forward to the February monthly report. GLTA

[Roscoe747]

A realistic comprehension of the soothing words in the FS will lead to the conclusion that, without higher prices, GXE will have difficulty meeting capex and dividend guidance, never mind buybacks. If the stars align, higher prices, ie: the annual average price will allow GXE some wiggle room for discretionary spending. The BoD will determine what form that will take.

[Quintessential1]

Yes and I get that which makes paying down debt, no matter how little, is the easiest and most financially responsible thing they can do moving forward. It seems the EIA has changed their minds again and forecasted a Brent average of $87 per barrel for 2024 and $85 for 2025.  Slightly higher WTI than the current pricing might provide a little more wiggle room. https://oilprice.com/Latest

[lashing]

Exactly what you said right before the last cut - your timing has been AWFUL as has been your performance. Yet here you are. 

[Quintessential1]

Exactly huh?  I wasn't even here before the last cut.  Your post is completely wrong as are so many others of yours. Yet here you are.  GLTA    

[Maxmoe]

Bahaha. Good one. Another FUD troll exposed. Name change from lashing, to bashing?  I'm more about cashing. Release the puns! Dashing. Flashing. Gashing. Gnashing. Hashing. Mashing. Slashing,Smashing, Splashing, Stashing, even Sashaying, and lastly, Washing.