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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 OilyOxon Jul 18, 2022 6:17pm
250 Views
Post# 34832868

Dividend should be ~0.028c per share based on the updates

Dividend should be ~0.028c per share based on the updatesThey committed 30% of FCF to shareholders.
FFO= 33.8
Capex=9.2
FCF= 24,600,000*30%= $7,380,000/~258,000,000 Shares = 0.0286c
The numbers look good but the update was PERPLEXING. Several paragraphs about the pros of becoming debt free to say they will become net debt again if the opportunity arises? WHAT is this contradictory information?! Poorly articulated to say the least!
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