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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 > Shaking energy tree
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Comment by AlwaysLong683on Mar 17, 2023 12:50pm
82 Views
Post# 35345340

RE:RE:Shaking energy tree

RE:RE:Shaking energy tree
KathyPookey wrote: I bought more at 96 cents. Company has almost no debt and really low payout ratio. Most of our CDN oil and gas companies have low debt compared to USA counterparts and are paying way bigger sustainable dividends. And they are being run better. Look at Devon in USA , they are a disaster, during quarter when oil and gas were at the highs Devon had to cut their dividend yet past Q report by Cardinal Energy when oil was much lower Cardinal had blow out results.

Guess who else might have to cut its dividend....?

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