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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 lovehockeyon Jun 30, 2023 12:38pm
66 Views
Post# 35522477

RE:RE:RE:i3 Energy cuts dividend

RE:RE:RE:i3 Energy cuts dividendWhat part of it? Sure if Gear announced on Tuesday that it removes the dividend entirely (hypethetically) the stock would go into a short period of high volatility, which to me means absolutely nothing. Who knows what kind of investors may be triggered to sell and how many shares. What is more important is what happens after the dust settles. In case with Gear Energy I can't predict what happens day or two after such an announcement but I am 95% certain after initial exit of shareholders who were there for the dividend a new wave of investors would come who are after higher Capex and cash in hand. 

I have seen many examples when removal of dividends led to higher SP medium term. For me personally it would be just a moment where I can't use dividends to buy cheap shares any more as I am pretty sure SP would start increasing steadily after such event. The example of I3 is laughable. THere you really are counting chickens before they hatch. 
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