divyJust my Opinion
I think its time to announce a divy to start in Oct/Nov
2 cents per month canadian is about 11% yield at todays SP a total ann cost of 18 million US
VLE can more than afford it
next 12 months is cash building and soon to be a 300 million tax credit in play
so .02 cents a month cost 1.5 mil If that happened
the stock will go up a lot as we include investors that buy for yield
yield would drop to 5-6 % as the SP increases (still a solid return)
Should be easy to maintain going forward on 20 -30 thousand BPD
all Just my opinion or well maybe a suggestion !
glta
here is what GXE pays on under 6k bpd
they actually pay out here is more than my suggestion for above with 22k bpd for vle
based on outstanding shares counts vle would be paying out less on .02 than gxe at .01 per month
.
| GXE | Equity | GEAR ENERGY LTD. |
| Security Type | Equity |
| Shares Issued | 261,663,221 |
| Market Cap | 256,430,000 |
| Year High | 1.45 |
| Year Low | 0.90 |
| Annual Earnings/Share | 0.28 CAD |
| P/E Ratio | 3.50 |
| Annual Dividend/Share | 0.12 CAD |
| Annual Dividend Yield | 12.244898 % |
| Ex-Dividend Date | 2023-07-13 |
| Sector | 10102020 - Oil & Gas Exploration & Production |
VS
Fundamental Data - VLE
| Security Type | Equity |
| Shares Issued | 101,700,491 |
| Market Cap | 223,741,000 |
| Year High | 3.46 |
| Year Low | 0.415 |
| Annual Earnings/Share | 2.74 CAD |
| P/E Ratio | 0.80292 |
| Annual Dividend/Share | 0.00 CAD ( SHOULD READ .24 CENTS) |
| Annual Dividend Yield | 0.00 % ( SHOULD READ 6.0 %) |
| Ex-Dividend Date | ( SOON PLEASE ) |
| Sector | 10102020 - Oil & Gas Exploration & Production |