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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

Post by Arbitrage1970on Apr 06, 2023 12:17am
326 Views
Post# 35382419

GEAR - CASH COW

GEAR - CASH COW

 Well managed , at 80 dollar oil the dividend is safe debt is being reduced , and if we get to a higher price environment, we can look at buy backs. 


    That is the best use of free funds flow in my opinion when your paying a large dividend. 

  So makes sense while it's low. 


  Spelling I hope is better 
sorry for that last one it was really bad eh ! 


craig 

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