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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Energy Oil & Gas E&P
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

Gear Energy Ltd > Latest quarter 9 cents EPS..
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Comment by pierrelebelon Aug 01, 2022 12:57pm
206 Views
Post# 34864177

RE:RE:RE:Latest quarter 9 cents EPS..

RE:RE:RE:Latest quarter 9 cents EPS..
At the end of the day, dividends comes from cash on hand.

The balance sheet clearly tells you that there is no cash on hand to pay an extra 8-10 cents special dividend at this time or near future.

I am quite happy to get $0.01 per month with the extra cash - if and when available - used to buy back shares.
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