Gear Energy Ltd T.GXE

Thinking of buying a position

[Kherson]

GXE is looking really good right now if I am interpreting the dividend correctly as being sustainable at 1 cent a month?
Kherson

[Luckyeleven]

Looks lke you can get a deecnt price early but then again hard to tell with oil weak again this morning. Some said it was a buying opportunity a lot higher which turned out to be just speculation. The dividend being sustainable at a penny a month will come down to the price of oil, right now they can comfortably pay it. Surely it can't always underperform others so probably as good as any

[jleer42]

Yes, current dividend is $0.01 monthly and it is sustainable with current/projected cash flows. Odd, still shows at $0.08 annual on BMO trading platform. I was hoping this would update to get more pick up from dividend screeners. quote=Kherson]GXE is looking really good right now if I am interpreting the dividend correctly as being sustainable at 1 cent a month? Kherson[/quote]

[pierrelebel]

jleer42 wrote "...I was hoping this would update to get more pick up from dividend screeners...." I would expect most serious investors to check current dividend rate (and resulting yield) directly from the company's press release or website. In the meantime I could not resist the bargain price this morning and added some shares with a 9.8%+ yield.