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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 08, 2024 2:22pm
125 Views
Post# 36029452

Maxmoe

MaxmoeIt would appear you upsetPierre and rightly so. You may own but calling an investor who looks at other factors besides growth is a Birdbrain is somewhat insulting.I am probably not preaching to the choir when l state that over the last 70years about 60%of all market returns were from Dividends reinvested.When you talk about tax credit advantages you also assume that everyone on this site and others is a multimillionaire with invested assets outside of registered accounts , News Flash there are many like me who have only Registered accounts and what you and some others would consider a inconsequential portfolio.Well my friend , my wife and l retired  and moved from Ontario to NB when l was only 49 years old as in my take living to work was not the ticket.Those divs as l said , reinvested while the going is good compounds your returns.Simple math , which l know you are quite familiar with .If a $10 stock over a year goes up to $11 then back down in a correction to $10 then what do you have , the same as you started with but if a 9% dividend is factored in you have made a profit in the same scenario and considerably more than what a 2%div would have given you.Thats dividend investing 101. Besides it and your growth at any cost is just a paper profit , unless you sell and don't forget many company CEOs just love blowing shareholder money on buybacks at an inflated price not when things are in the tank and the sharks are circling the blood in the water.You may be Mr Grumpy but you owe Pierre an apology , l just took it for what it was.
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