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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Comment by Konaboyon Feb 16, 2022 8:57pm
308 Views
Post# 34436354

RE:RE:RE:Q4 MDA

RE:RE:RE:Q4 MDAJust ballparking 40 million to spend in the remainder of the year, assuming solid WTI.

10% NCIB is about 42 million @1.60/share.  But we'll need some growth.  10 Mil on a dividend is ~4cents, yielding ~2.4%.  Lots of options to consider.

Unfortunate that they felt compelled to hedge 2400bpd, not sure when that was taken on.  Realistically, nerves are still very raw over the past couple of years, cautious optimism everywhere.

Ah, but to be free of the shackles of the lenders ... I know that I felt some fantastic freedom when that happened!


CandyC wrote: It was expected. We will see the SP tomorrow but I expect flat to 15%. Looks like debt free sometime in March. Then buybacks. Nothing but profits 


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