Gear Energy Ltd T.GXE

RE:Dividend

[CandyC]

with the dividend and special dividend I would suspect it can finally be added to Eric's income fund

masfortuna wrote:

• So the didvidend will amount to .07 cents this year Or 4.37 %. See below for the breakdown. The first payment is May 30th.
• Using forward market pricing as of May 3, 2022 (remaining 2022 WTI of US$98 per barrel, WCS differential of US$13 per barrel, MSW and LSB differentials of US$2.75 per barrel, FX of US$0.78 per C$, AECO of $6.75 per GJ, and current share count), Gear is forecasting the following:

($ millions except % and per share)	Q1 2022 Actual	Q2 2022	Q3 2022	Q4 2022
Forecasted FFO	18.8	33	31	31
Forecasted capital and abandonment expenditures	9.6	12	18	15
Forecasted free FFO	9.2	21	13	16
Forecasted dividend amounts	2.6	6	4	5
Committed % of free FFO paid out as a dividend (%)	28	30	30	30
Forecasted variable dividend ($/share)	0.01	0.026	0.015	0.019

 

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