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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 astuteinon Jul 27, 2023 10:30am
176 Views
Post# 35559456

Future dividend >

Future dividend >

When gxe started paying dividend it was because they were debt free and that was there comment.  Now since paying the dividend they have debt of approx 14 million.  Is current dividend  of.05 cent sustainable while paying interest on the 14 million and other capital expenditures.


 

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