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Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan and Southeast Saskatchewan. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its properties include Celtic/Paradise Hill, Saskatchewan; Wildmere Area, Alberta... see more

Bullboard (TSX:GXE)

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Post by scienceguy36on Feb 06, 2024 7:43pm

Interesting read

https://oilprice.com/Energy/Natural-Gas/Canada-Looks-To-Capitalize-As-US-Pauses-LNG-Export-Licenses.html
Comment by tylerreddickon Feb 06, 2024 6:12pm

RE:RE:RE:NCIB..Nothing yet to suggest

Except they can't afford the dividend either.
Comment by Roscoe747on Feb 06, 2024 4:13pm

RE:RE:RE:NCIB..Nothing yet to suggest

With the news release stating Gear's continued commitment to growth and the reality of the crude market, the only assured capital to use for buybacks is the free cash dedicated to dividends. One ...more  
Comment by Roscoe747on Feb 06, 2024 4:04pm

RE:RE:NCIB..Nothing yet to suggest

After the nothingburger of the Strategic Whatever, the Board had to come up with something and an NCIB gives them cover to do nothing except issue a PR. The annual expenditure on the dividend can ...more  
Comment by Quintessential1on Feb 06, 2024 3:59pm

RE:RE:RE:RE:RE:I get better lookin each day

You should have heeded your own advice but you're the kind or guy that can only quote other people because you are incapable of original thought so I guess you didn't really know what it ...more  
Comment by tylerreddickon Feb 06, 2024 3:12pm

RE:NCIB..Nothing yet to suggest

Even if they announce an NCIB, that doesn't mean they will actually buy any shares. Quite often those are announced just to make newbies think they are doing something. Seen that movie many times, ...more  
Post by NotThatBright22on Feb 06, 2024 2:40pm

NCIB..Nothing yet to suggest

there will be any buy back. " the Company expects to provide additional details of the NCIB in its press release announcing the fourth quarter of 2023 "  we wait and see.  IMO ...more  
Comment by NotThatBright22on Feb 06, 2024 2:32pm

RE:Washtraders have 1 month to live here

Again with the "wash trading", a SP of .65, average vol of <500,000 daily shares and a mk cap <200 million. Really...?
Post by lovehockeyon Feb 06, 2024 2:10pm

Washtraders have 1 month to live here

Before NCIB kicks in. Once you have Gear money sitting on the bid side you can say bye bye to all the washtrading they did here for the past year and a half here. The trading patterns will change ...more  
Post by Betteryear2on Feb 06, 2024 1:54pm

Intention to Commence Normal Course Issuer Bid T.GXE

Calgary, Alberta--(Newsfile Corp. - February 6, 2024) - Gear Energy Ltd. (TSX: GXE) (OTCQX: GENGF) ("Gear" or the "Company") announces that the strategic repositioning process has ...more  
Comment by itsalieon Feb 06, 2024 1:25pm

RE:Great news for Gear - no acquisition, time to buyback!

can't see Nuttal getting back in, he's been slaming it for the last couple of years and there is not eough volume for him to get in and out
Post by lovehockeyon Feb 06, 2024 12:53pm

Buyback = Immediate SP growth

It sounds as NCIB may start in March - that will lead to a consistent share price growth. Back over 1 dollar some time in the summer. After that $2 is just a matter of time. 
Comment by lovehockeyon Feb 06, 2024 12:46pm

RE:RE:RE:RE:Great news for Gear - no acquisition, time to buyback!

Divs should be dropped at these WTI prices. They are pretty much useless when it comes to improving SP. I own ATH and they made a decision to stick with buyback and not a penny to dividends and ATH ...more  
Comment by Roscoe747on Feb 06, 2024 12:07pm

RE:RE:RE:Great news for Gear - no acquisition, time to buyback!

Even if the dividend is eliminated in favour of a buyback, shareholders shound consider the loss of dividends as their contribution to unlocking shareholder value. If the board has taken financial ...more  
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