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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

Post by JTDOUBLEon Jun 06, 2022 2:45pm
176 Views
Post# 34734887

On a sectoral bulls of oil and gas ..

On a sectoral bulls of oil and gas ..

Gxe managed to be debts free .. 

The only questions where to put these extra FCF to benefits most of shareholders.. 

Ncib , special dividend, 30% variable dividends of free funds flow . These are positive and accredited to increased shareholders value .. Given what the management have done here for n 2 years it was all positive.. it will continue given the sectoral bulls .. 

Investors just needed to recognize the cost for financing will be null next report since there no interest expense which will further enhance FCF .. The variable dividends should go up from here ..

Balance sheet are very healthy.. Let those have not done their DD , they will miss the big run up here soon !! IMO 

 

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