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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 > Dividend is not sustainable?
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Post by astuteinon Jul 20, 2023 10:57am
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Post# 35549700

Dividend is not sustainable?

Dividend is not sustainable?

Net debt increased by 1.9  million fromApril figure of12.4.

April Net debt    12.4 m  May 12.8 June 14.3

Paying dividend by increasing debt is not sustainable IMO.


 

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