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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

Comment by Maxmoeon May 08, 2024 12:55pm
73 Views
Post# 36029224

RE:RE:RE:RE:RE:Maxmoe

RE:RE:RE:RE:RE:Maxmoe Well good luck, but I'll bet if I ask enough questions we'll discover you're not being honest with yourself.   Example : If yield is the prime determinant, then why wouldn't you just buy bce or enb ? Same yield. More or less. Much,much, lower risk. Much,much less likely to cut the divy. The answer is you want upside from undervalued energy stock. They are all undervalued. So if that's what you want, why wouldn't you want one with the upside torque whether it pays a divy of 8%,4%,2%, or 0% ? Wont matter if you get the oil revaluation you are expecting. They will all be up 50-100%. That's why I own gxe. At $80 plus oil and a return to historic p/cf or p/NAV gxe will double so why double tax those earnings with dividends and why not invest that cash into bargain gxe? Do you REALLY think gxe outperformed some of the other energy stocks because of the dividend? REALLY? Or is it because the sell off just sent too far? So far I bought gxe for the first time ever because the price was already discounting a cut. So I bought it in the 60s DESPITE the dividend, not because of it. If they keep paying it, or cut it, I'm a shareholder either way. 
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