Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 lovehockeyon Feb 23, 2023 11:02am
131 Views
Post# 35300753

RE:RE:RE:Loading More..

RE:RE:RE:Loading More..Not so sure if you are trolling or you have trouble reading information verified by Deloitte but this time I will help you with this. 

https://boereport.com/2023/02/22/gear-energy-ltd-announces-fourth-quarter-2022-operating-results-and-year-end-reserves-summary/

From a financial perspective, Gear generated record Funds from Operations (“FFO”) of $93.8 million and delivered an impressive $37.0 million of aggregated returns to stakeholders. These returns account for 39 per cent of annual FFO, and exceed the full annual realized FFO in seven of the past 13 years of operations for Gear. In total, through 2022, Gear provided 85 per cent growth in FFO per debt adjusted share which supported:

  • $18.2 million of dividends.
  • $5.2 million of shares repurchased.
  • $13.6 million reduction in net debt to near zero at year end.
<< Previous
Bullboard Posts
Next >>