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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 > It needs to pop
View:
Post by Luckyeleven on Aug 29, 2022 12:03pm

It needs to pop

All my energy stocks leaving Gear in the dust. 1.37 last week and with oil moving it's just stuck in the mud.
Comment by lovehockey on Aug 29, 2022 1:53pm
Not yet, I need to pick up more shares. Be patient.
Comment by baranja on Aug 29, 2022 2:00pm
What is the price level you are looking to buy?
Comment by lovehockey on Aug 29, 2022 2:06pm
As cheap as I can, what did you think? I will try for 1.29-1.30 today
Comment by JTDOUBLE on Aug 29, 2022 2:06pm
it will POP just a matter of short time here!! Load up before the train leave the stations.. Looks like oil got couple more years to go here .. Logistically EV still far away ..
Comment by RAWCOLTY on Aug 29, 2022 1:58pm
I just dopped a  boat load of money into Gear.... This stock is rediculously priced. They have net cash on the books with no debt, 640 million in tax pools, one of the lowest cost producers in N.A.  Patience, too cheap to stay here for a long time. Enjoy the dividend increases and special dividends and Share buy backs in the meantime.
Comment by baranja on Aug 29, 2022 2:06pm
This is cash printing machine. Just to get it for dividents and income is good. I would like them to move to monthly dividents insetad of 1/4
Comment by pierrelebel on Aug 29, 2022 2:16pm
baranja wrote "...I would like them to move to monthly dividents insetad of 1/4" They have. The current monthlly dividend rate is $0.01 per month starting September.  They paid $0.02 in August to include July and August.
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