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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.


TSX:GXE - Post by User

Gear Energy Ltd
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Post by traderlong2on May 04, 2024 8:40pm
172 Views
Post# 36023620

Free cash flow 11 million 2024 Guidance

Free cash flow 11 million 2024 Guidance
Market Snapshot

GXE.to

Basic Shares O/S 263.3 MM

Share Price  $0.73/share

Monthly dividend $0.005/share

Dividend Yield  8.2%

Annualized Q1/24 FFO $61 MM

Net Debt  $12.5 MM

Net Debt/Ann. Q1/24 FFO 0.2x (75 days)

2024 Guidance

Production 6,000 boe/d

FFO $84 MM

Capex + ARO $57 MM

Dividends $16 MM

Free Cashflow $11 MM
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