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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 Sugareeon May 04, 2022 11:06pm
219 Views
Post# 34657461

RE:RE:RE:RE:RE:RE:RE:Dividend

RE:RE:RE:RE:RE:RE:RE:DividendHe won't chase the share price, and would drive down the yield, making it less attractive to new buyers in a hurry. but you never know.

CandyC wrote:
Sugaree wrote: I doubt he would have this in his income fund. Too small a company, all the current ones are big. Second, he got his current large position from obscure method, don't fully recall but was not from buying and building from open market. Extremely difficult to acquire another large enough position for a second fund, as is cant even make the top ten in current fund.  

CandyC wrote: And I would suspect that he'll own 9.9% in the income etf soon. I could be wrong though. Also with these dividends and special dividends and buybacks it will get the attention of more fund managers 

 

I wouldn't be surprised if he adds it at a full 9.9%. It would be a very small holding in his income fund but it would be large for Gear. Potential adding 0.40 to the SP


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