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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 NobleHouseon May 02, 2024 2:30pm
232 Views
Post# 36020024

Lovehockey

LovehockeyI am not sure what this obsession is with buybacks , nothing but financial engineering with shareholder money that produces little or no results.That dividend reinvested in new shares is a fact not some fiction maybe down the road and at the end of the year if you held your sharecount is up considerably higher.No dividend your SP is the same whether the stock is up r down., makes no sense as if GXE axed the dividend this would be a .40 cent stock.Now who in their right mind wants that , other than a masochist.If the dog was ever increased back to .12 cents yearly then this would probably become a $1.20 stock, your way one third of the price , l will go with a div paying company anytime..
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