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.

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Gear Energy Ltd > There is no confusion except among fiction writers. The div

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Comment by lashingon Dec 19, 2022 2:09pm

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Post# 35180240

RE:RE:There is no confusion except among fiction writers. The div

You have no clue what you are going yet continue to be rude. I thought you had me on ignore? Come on hold up your word.

masfortuna wrote:
lashing wrote: From the last (q3) report they made it very clear. OIl needs to be 80 average ALL YEAR and they are paying 100% FFO to div.

At 70 they forecast 8 million FFO. $80 WTI for 31mil FFO.

There are 260 mil shares outstanding. For the math challenged thats 31 mil a year if paying 1 cent per share.

The minimum is $80 WTI to support the dividend. Its very clear.

They also do not have a 5 million surplus. Its 2 million. Not sure whats so hard to understand but the last month is troublesome and they will be cash strapped on that div.

Its all real clear. They forcast a CAD $ at .73 usd, which it is. FFO after expenses. They could not have been more clear. Oil below $80 for one month is a problem. 2 months, very large problem.

$80 based on an annual average would be their language. As of today- from December 15th 2021-December 18th 2021, the annual avg is $97. Are you done postng your BS??