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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 > current dividend sustainable ?
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Post by astuteinon Mar 17, 2023 11:38am
198 Views
Post# 35345071

current dividend sustainable ?

current dividend sustainable ?

My view  is NO.

Oil at 66 will  not permit Board to continue dividend.  Cannot borrow money and go  into debt to pay
dividend.

Sell before dividend eliminated next  month. 
 

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