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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 Luckyelevenon Jun 01, 2022 4:18pm
187 Views
Post# 34724477

RE:RE:RE:RE:RE:Calculation

RE:RE:RE:RE:RE:Calculation I would have preferred 70% goes to shareholders and believe that would have brought in more buyers. Also it would have more incentive for management to increase share price. Buybacks are fine as long as the shares are cancelled and not used for milking executives. At the very least it should have been 50/50 and actually think this is one of the reasons the stock underperforms the sector on a daily basis. if they actually issue a special dividend which I doubt that would also go a long way.
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