Almost all trades today at .72
Q2 later this month should be very strong
BPD should be closer to 6000 forecasted (5713 bpd Q1) March 2024 was 5997
oil for the Q2 apx 80 avarage (76.96 Q1)
WCS should be under 15 for Q2 ( 19.33 Q1)
debt will shrink again this Q2 (down to 12.5 million Q1)
maybe new mangement even adds a surprise
all imo but should be a solid few weeks ahead
and a postive update regardless
Last Q
Message to shareholders
In March, 2024, Gear announced the retirement of Ingram Gillmore from his role as president and chief executive officer (CEO) and the appointment of Kevin Johnson as the new president and CEO. With this transition, Gear has been diligently reviewing near-term capital investment decisions and execution plans. In addition, Gear has focused efforts on re-establishing momentum, maximizing and expanding its high-quality inventory-rich asset base with the singular goal of delivering meaningful, long-term, outsized shareholder value creation. In parallel, Gear intends on rewarding long-term shareholders with a reliable and sustainable monthly dividend while maintaining a strong balance sheet.
glta