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Bullboard - Stock Discussion Forum 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... see more

TSX:GXE - Post Discussion

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Post by jake12116 on Jun 08, 2022 9:46am

Why

Why does this fail to move up? 

moved a big amount of pension money in this 3-4 months ago , been flat while almost every other company has moved higher

Comment by geezer21 on Jun 08, 2022 10:19am
Very soon it will move up.  GXE in the top 10 of best buys in the oil patch.  When the hold down is release it will soar.
Comment by CandyC on Jun 08, 2022 10:23am
The balance sheet gets better and better per barrel. I don't think they started the NCIB yet 
Comment by geezer21 on Jun 08, 2022 10:31am
Share buy backs were to commence in May: https://gearenergy.com/wp-content/uploads/2022/05/Q1-2022-Press-Release.pdf "Effective immediately, Gear will be implementing a variable quarterly dividend with target distributions of approximately 30 per cent of the free funds from operations generated from the previous quarter. For May, the inaugural quarterly dividend payment in relation to the ...more  
Comment by geezer21 on Jun 08, 2022 11:13am
"The balance sheet gets better and better per barrel" GXE has the second lowest debt to equity of 0.10 out of 38 oil companies tabulation of fundamentals.
Comment by CandyC on Jun 08, 2022 11:45am
Ink Research has Gear as 8th best stock to own