RE:Debt free before EOYlovehockey wrote: So with the oil prices soaring, Opec cuts, low SPR we are destined for the oil to be expensive in short and medium term. $14 mln of debt, reduced divs - if Gear doesnt spend any money on some land aquisitions the company will be debt free by end of year. There will be times when you will look at today's price of Gear and say I wish I could have bought more then. Have a great August!
Oil price gaining and Gear should be able to raise production 10%+ more with less dividend and expenses......the share price will double no worries