Gear Energy Ltd T.GXE

point#3

[mofwmofw]

Pretty sure, one of the main gists of this update which is point #3, whereby the CFO is letting shareholders know that he is in full control of this company. Having no debt, he doesn`t have to listen to outside sources demanding this and that, and dictating to management what course of action should be taken. My opinion is that he is giving Eric an earful !! We shall see. GLTA

[Gringotts]

mofwmofw, I tend to agree with you. Many have read the latest Shareholder Update as a negative for one reason or another. I did not. I read it as a note about a company that has proudly escaped and conquered the bondage of debt! They are telling the market that they can do whatever the *uck they want, when they want, with whomever they want. Good on them. Eric and the bankers can no

[Luckyeleven]

The problem is nothing in that update is news to the market or shareholders except going into net debt may be considered. Their job and those updates are for attracting investors not scaring them away. So if many took the update as a negative it was then poorly articulated. Bad timing with the stock under perfoming as of late. I hear what you are saying but to me it was an update that was wasted

[Gringotts]

Your points are well taken. The update could have been a little more "meaty", for sure. I don't know how regulations factor in but I'm sure they do. Some information has to be formally released, perhaps in Q results. Other info can be shared quite freely. The one thing that makes me feel somewhat comfortable is that nothing blantenly negative was written about. That's good

[diceslinger]

They have covered everything already with the exception of special dividends...you're getting .026 end of August and they bought back: May 30, 1,688,000 June30, 1,950,600

[Chimpwithdart]

0.028 if you can do math

[Roscoe747]

Math aside, $.026 is the number touted in the May 4 NR. Also, the May 2022 Presentation states "cash funded acquisitions" - no mention of going back into debt after a whole month of being debt-free. Gear has also increased the capital and ARO by 15 million of free cash flow that will not go toward dividends. While I entertain no issues with management's right to manage or set

[JTDOUBLE]

If you numbers is right assuming 0.028 quarterly dividends on constant basis this will yield to 11.2 cents annually ..  At 1.13 close today , dividends would be 10% annually .. if they throw another special dividends then we are talking !!!

[Roscoe747]

No, variable divvys per quarter estimated at $.07 per year due to variable capex and aro. Only Q2/22 estimated at $.026

[JTDOUBLE]

The calculations estimate was done on premise of 90 bucks oil.. I would not be surprised to see them beat and variable dividend will also gap up.. I leaning toward the beat here..

[Roscoe747]

The 'gap' per share with 258mm shares out is rather small. That's the problem. 258 million shares doesn't go very far into 6k/day production. My preference is to max the NCIB while the stock is way down even using the credit line and paying the credit line off with free cash. Buy back at $1.10 rather than $1.42

[Luckyeleven]

Easier said than done. A company can only buy 10% of the daily volume. One cannot just make your own rules. As far as the NCIB goes hope they stay the course and do average buying daily or on red days, that will help support the share price and bring down the share count. 

[Roscoe747]

I understand there are limits to an NCIB but isn't GXE's limit ~550k/day and 10% of the float over a year? I need to work on informing myself.

[JTDOUBLE]

  Overall earnings propels the stocks to go higher .. There just  many noise without substance .. Same with Bte hold 6 digits at 58 cents if I listen to all the noise I could sold for pennies instead of 4 digits return.. Do your DD here ., looks like a good entry .. dividend at this level SP should equates to 5% or higher ..