Gear Energy Ltd T.GXE

FCF of 60 millions and going up..

[JTDOUBLE]

Market capitalization of 399 millions.. 

No debts .. 

tax pool close to 500 millions .. 

Ncib , variable 30 % and special dividends..

Wti 119 and gas 9 bucks at this price level gxe will be printing money or can run over by bigger companies as tax pool alone worth 500 millions!!

[pierrelebel]

I am a GXE shareholder and do not mean to rain on anyone's parade.  However, there a "fly in the ointment". Cash flow and dividend projections supplied in the May 4th release are based on: "WCS differential of US$13 per barrel, " Currently the differential is above US$21 and has been growing for the last four or five weeks. While that specific problem may be

[yycimport]

They also based it on $98 WTI if i read it correctly. Currently WTI at $119.

[pierrelebel]

From their release "remaining 2022 WTI of US$98 per barrel" Currently WTI for September 2022 trades at US$ 113 and December at US$ 106

[JTDOUBLE]

Without bank clause attached on hedging,  most of these productions now is unhedged. There should be  some major uptick on the amount they get per barrels!! As well as the gas productions..