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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 scienceguy36on Jun 30, 2023 12:37pm
187 Views
Post# 35522475

Dividend day

Dividend dayHope the dividend is sustainable. Now have 171,000 shares of GXE which will now pay $1710 monthly.
Will keep reinvesting dividend for shares until monthly dividend reaches $2000 then will reinvest dividend elsewhere. Would feel more comfortable if oil price rises and stays between $75 and $80, then not only would the dividend be more secure but we would see some stock price appreciation.

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