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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

Gear Energy Ltd > Patience is being rewarded
View:
Post by pierrelebel on Jul 27, 2022 4:47pm

Patience is being rewarded

Annual dividend rate of $0.12, payable monthly, is more than most expected.

I can see the share climbing to $2.00+ in the next few weeks (6% tax advantaged yield)
Comment by Roscoe747 on Jul 27, 2022 4:54pm
No complaints here. The monthly divvy will drive the share price and the positive working capital will help drive growth forward. The monthly divvy is more than I expected and very welcome. Also the mention of 'cash-funded acquisitions' keeps the debt monster under the bed.
Comment by MLEWICKIMBA on Jul 27, 2022 5:45pm
Like an INCOME TRUST now -- That is pretty awesome.  I bought in again recently after not being happy but like you said the upside is there now.... All the best to us all.
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