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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan and Southeast Saskatchewan. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its properties include Celtic/Paradise Hill, Saskatchewan; Wildmere Area, Alberta; Wilson Creek, Alberta, and Tableland, Saskatchewan. The Celtic/Paradise Hill is located within Township 52, and Ranges 23 and 24 W3 and is approximately 40 kilometers northeast of Lloydminster, Alberta. The Wildmere field is located within Townships 47, 48 and 49, and Ranges 3, 4, 5 and 6W4, is approximately 200 kilometers southeast of Edmonton, Alberta. The property consists of approximately 24,325 gross (23,000 net) acres of lands. The Tableland property development is predominately focused on the Three Forks/Torquay formation, with minor production from the Bakken and Ratcliffe formations.


TSX:GXE - Post by User

Comment by Oldgreyguyon Feb 19, 2024 12:27pm
144 Views
Post# 35887634

RE:RE:RE:NCIB math

RE:RE:RE:NCIB mathIt's funny how on this board the consenus is "Drop the div and give us buybacks" while other different stock boards say "Quit the buybacks and up the div".  I do find it interesting that itty bitty oil and gas stocks now pay dividends.  That is something I had never seen during my 45+ years of oil and gas investing until the last couple of years.  Growing reserves and production is now out of favor but paying dividends or buying back stock for micro caps doesn't make a lot of sense to me.  All I can say is hopefully markets come back to fundamentals eventually before Invida and bitcoin dwarf everything else.
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