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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 masfortunaon Dec 16, 2022 12:42pm
140 Views
Post# 35176091

RE:RE:RE:RE:Caterwauling

RE:RE:RE:RE:Caterwauling
navajojoe wrote:
masfortuna wrote:
navajojoe wrote:
Kadiddelhopper wrote: ..over a $1 dollar stock with a .01 Div....If you really are up against it, why not just SELL, and move into something more fitting.? THere are a myriad of them out there, plenty to choose from, nobody at Gear is holding you from seeking out other ops. 


Once again, according to the presentation, they cannot afford the dividend.
So referencing the dividend as some kind of positive is misleading, at best.

 Yes they can...Oil would need to avg. $57 for the entire 4th quarter to get a year end avg. of $80.  And at $80 they have a surplus. Stop babbling...


You obviously have never run a business, if you can honestly make such a stupid statement.
Or you are simply trying to con people.


Well...if you really must know...I sold my 2 strip malls about 2 years ago (missed the high but hppy with what I got) and now have 2 pubs, and a few restaurants. how about you? Did you finish the renos in your mom's basement?

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