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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 Sep 01, 2022 12:52pm
133 Views
Post# 34935804

RE:RE:RE:RE:RE:Bought a position...

RE:RE:RE:RE:RE:Bought a position...Folks on these boards love to pump their holdings hard for them to be objective. Dividends or not the stock has taken a huge hit since the Spring and hopefully has found some kind of bottom here. Unless you traded it most have lost with GXE if they have bought in recent months. So far the company as paid out .03 in dividends and down .45 or so in share price. Not hard ti figure out the math here. Today so far seems like it's performing better than most so like I said if oil doesn't decline more maybe this is bottoming. At today's price think it's as good as any other play and yes the dividend should help suppor t the share price here. At today's price they are probably paying out well over 50% of FCF in dividends hence no buybacks as of late. Foks like to cherry pick timeframes to support their bullish narrative but the reality here is GXE just has not performed well. 
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