Gear energy - positive news It's definitely personal as to what you prefer free funds flow to be used for. It's also just opinions and it's good to get different points of view. I think I just got a substancial increase in my monthly passive income . However , I think and it's wonky a few hours away. I think the poster who said people will flock to this name becasue at this price this is 10% annually. One must also realize they had 9.5 cents of free cash flow in 3 months , and they say they willl be paying out 75% to the shareholders . The last 3 months were probably a one time afffair , but not for sure. ! The reason why quarters will be very good even in a slightly lower price market is there is no hedging losses. This is massive. I beleive gjet paid 14 dollars a barrel. Yes $14 bucks a barrel thos q last year. We paid .98 cents this Q.
So I feel we will be generating significant free cash flow , there will be more increases tonthe dividend. However the price will need to go up , and it will go up !!
Especially with the 2 cent first diivy next month. The share price I beleive will be at 2 dollars by the end of September.
Finally there production will fall slightly due to some issues with rigs , weather , man power , but they feel it's under control and we will see a rising BOE count leaving the yesr , but on Q1 2023 they are looking at 6450 barrels a day !
This is closer to 10 percent growth. There are little to no hedging issues .
This is a small company that I am glad I bought into for some diversity. I just got a incredible unexpected raise to my monthly pay outs , and I am very pleased
Good luck all , and congrats !! Sorry for any spelling mistakes !
sincerely
Craig