Gear Energy Ltd T.GXE

GXE keep giving gifts..

[JTDOUBLE]

At this level it is a gift given the price of oil ..

GXE most undervalued dividend stock right now regardless of any metric measures used..


Oil still have many catalyst going to the winter here , with hurricane season looming in September - November good chance of supply destructions along the way..

[navajojoe]

This post has been removed in accordance with Community Policy

[JTDOUBLE]

Show me a company with no debts , pays 9% in diivends and only 30% of earnings payout ratio..with expected of 40 cents annually EPS next year if oil stay at this level  this brings  Pe ration of 3.. A multiple of 10X easily 4 bucks ..I am expecting at least 2.75 here!!

[MLEWICKIMBA]

Agree GXE should be 1.65 right now and in the fall higher. Its like an income trust now! 1. Good dividend yield 2. Improving balance sheet 3. Tax carry forwards

[JTDOUBLE]

Its amazing that tax pool alone worth more that GXE whole business .. I could see some majors running this down , FCF , no debts and cash pool which is worth more now considering most oil and gas companies are profitable give them flexibilty to lower it Tax bills.

[Luckyeleven]

It is amazing and the stock hasn't done a thing the last 7 bucks in the oil price rise. You guys keep pumping but the reality is this stock is been a terrible performer. I guess we need to see 100 dollar oil to get to 1.35. 

[Roscoe747]

Penny flipping is fairly thin too. Gear may be an underperformer but it has 20 years of production reserves with maintenance capital, ie: 20 years of growing dividends. Consider this level a buying opportunity.

[Leemer187]

Where and how did you determine that gear has 20 years of reserves? I'm having trouble figuring it out

[navajojoe]

This post has been removed in accordance with Community Policy

[jleer42]

Rough estimiate using 2021 reserve summary - 26,325 Mboe P+P - and  production of 6k bpd I get approximately 12 years. Might be a newer reserve summary, but I don't see one.

[Roscoe747]

Keep production flat for 20 years. "Reserves" may be wrong terminology. 

[Roscoe747]

Leemer: Eric Nuttall spring 2021.  Toxic Joe: jog on, loser

[stocktalk]

Just what happened today ?  heavy volume, wti got slamed, short selling ?

[Luckyeleven]

Iran talking flooding the market with floating storage of 40-93 million barrels. https://oilprice.com/Latest-Energy-News/World-News/Iran-Is-Ready-To-Release-Millions-Of-Barrels-Of-Oil-Into-The-Market.html

[stocktalk]

Seems to be very political, Biden kissing butt as the mid term election is coming up. What happened to the US sanctions ?