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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 gericon Mar 23, 2023 3:36pm
134 Views
Post# 35357124

RE:How can dividend be continued?

RE:How can dividend be continued?From the February monthly update:

"Gear is always ready to adapt its capital programs and its returns to shareholders based on changes in commodity prices and other changes in market conditions to ensure a healthy balance sheet. After some very tough times through the oil price crash and volatility that started in late 2014, maintenance of a strong balance sheet has been a key priority at Gear, and it will remain that way. Consistent with this, with net debt of $15.5 million at the end of February, Gear is tracking at a monthly annualized net debt to funds from operations ratio of 0.3 times, a healthy number that the majority of our public peers are likely envious of."
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