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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 > Am i reading this right!
View:
Post by scienceguy36 on Aug 05, 2022 10:49am

Am i reading this right!

At 2cent a share the annualized return would be over 19% at $1.25?


With the generation of $24.6 million in free funds from operations during the second quarter and a continued strong outlook, Gear's Board of Directors has approved the implementation of a new monthly dividend of $0.01 per common share. To account for no dividend being distributed in July, the initial dividend for the month of August will be $0.02 per common share and thereafter will revert to $0.01 per common share for the following months. The $0.02 dividend will be paid on August 31, 2022 to shareholders of record as of close of business on August 15, 2022. The dividend is designated as an "eligible dividend" for income tax purposes.
Comment by lashing on Aug 05, 2022 12:04pm
LOL you people really are hilarious. Cant read. No clue ... yet invest. No wonder Pelossi's of the world get so rich.
Comment by scienceguy36 on Aug 05, 2022 12:06pm
Its a matter of semantics... Still get 2 cents a share if you buy by Aug 11th and sell on  ex divi of Aug 12th
Comment by Chefboy69 on Aug 05, 2022 12:35pm
you are a shi.tty swing trader dude go check out DKNG today and u trade this...hahaha LOSER
Comment by Roscoe747 on Aug 05, 2022 9:02pm
I doubt successful individuals waste their time trolling a dinky producer's bull board. The envy and jealousy inherent in lashing's posts suggest a loser lost in bitterness. Illegitimus non carborundum.
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