Gear Energy Ltd T.GXE

Record 2 nd quarter coming without any doubt.

[astutein]

With the June results reported July 18, this confirms to be we are to report record earning, cash position.

Our june 30 quarter was fantastic.
We reported Net surplus of cash of 9.7 million after 6 million of capital expenditures.
Previous cash surplus was 1.7
CAsh went up by approx 8 with 6 million cap.   Last month cap  1.7

So the way I see it is we had month of  cash surplus  approx 15 million.

Buy now for announcement  of Dividend increase,share buyback.

Future-  If we were to average 7 million per month =84 million

30% of free cash flow for dividends would equal  24  million.

Comments requested.

[Gringotts]

I like your numbers. Very few OG companies are in the same desirble place that GXE finds itself. Although I own BTE (and I like the company), it is still almost a year away from paying off its debt - That's right ONE year!  Where is GXE's debt? - that's right - POOF - gone! GXE can continue with its plans even if oil drops an additional $20 without barely batting a lash (a

[pierrelebel]

Please allow me to copy my post from the WCP thread this morning as the message applies to most Canadian junior oil producers: Q2 Results coming next week ... and they will be wonderful. So will the results of most "junior" Canadian oil producers.  However, keep in mind that the numbers reflect results for April, May and June based on WTI of US$105/$110 on average.

[JTDOUBLE]

Thompsons Reuter estimated a high of 8 cents eps and 27 cents annnual eps .. Gxe trading at 1.13 just shows many opportunities to participate here at this level.. If oil continues to fluctuates and average around high 90 , even at annual 20 cents a multiple of 10x this is a 2 bucks stock.. I just think the numbers are pointing for a higher stock price , MR. Market will eventually gives GXE some

[JTDOUBLE]

Like the previous Estimates of TR of high 8 cents, GXE beat this came out of 9 cents this quarter.. So every expectations has been thrown out to bin since gxe have started to defy this by showings some good numbers.. at 1 cents dividends monthy , 12 cents annually ..GXE just reported 9 cents this quarter .. Simply, let says GXE makes the  bottom of 30 cents and high 40 cents EPS annually