DividendGear Energy Corporate Presentation December 2022
https://gearenergy.com/wp-content/uploads/2022/11/GearEnergyDEC2022.pdf Page 8
Gear forecasts its $0.01 per share per month dividend to total approximately $31MM. If WTI is at or above US$80/bbl, the dividend is forecast to be funded with free FFO. Prices below that, would necessitate a reduction in capital and/or the dividend.
If WTI stays in the $75 range, Gear will have to consider reducing their 10.8% dividend, likely by Q2 or perhaps sooner if WTI falls further. Their cash in the bank will not last forever with this level of monthly dividend payment.