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.

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Gear Energy Ltd > Q1 Earnings

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Comment by Quintessential1on May 02, 2024 11:21am

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Post# 36019600

RE:RE:RE:RE:RE:Q1 Earnings

Sticking with divs until the debt is lowered.

The debt cost more to service than the divs cost and with a lower spread and higher WCS price the debt will come down faster aided by lower debt service costs. It is a good kind of vicious circle.

Then buybacks aplenty as I do not see management making the same mistake of an unsustainable dividend by raising it again.

I think this ER probably just put them back on the acquirable watch list too.

GLTY and all