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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 > divvy bump
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Comment by Roscoe747on Oct 12, 2022 8:29pm
182 Views
Post# 35021107

RE:divvy bump

RE:divvy bumpGear indicates they will return 75% of Free cash (FFO - capex) to shareholders. They have halted the buyback in favour of a monthly dividend. A Special Dividend, if any, to distribute excess cash won't likely occur until the AGM.
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