Gear Energy Ltd T.GXE

August update....

[Luckyeleven]

Not very good if you ask me. Basically made nothing after paying the dividend. Cash on the balance sheet went down 4 million? Sure prices were lower but still. The commentary a waste of time with zero relevant information. Production up a tiny bit but didn't help the numbers. Bottom line is they spent more than they made, not good!! September so far will be lower revenue than August as prices are lower. Patience running thin with this for me.

[OneBadSon]

I'm pretty underwhelmed as well on this months update...

[jleer42]

Disappointing, but not surprising. August had a double dividend so aproximately $5.2M as opposed to $2.6M cash outlay. Not sure how many, if any, shares were repurchased, but that would also decrease cash on hand. Production was back up, but still less than June. 3rd month in a row with capital expenditure over $6M so hopefully the trend continues. End of the day Gear doesn't

[OneBadSon]

Good call on the August double divvy!  I can't believe I forgot about that.

[Luckyeleven]

Share count up this month by by about 320k if you look at Q2 numbers. Traded at 1.35 last week so th penny a month dividend isn't much to enjoy. A year ago or so they hit 6.2k production on one update as I remember and since 5% lower, going backwards in this environment doesn't cut it. These kind of results will not attract investment. Also for them not to say anything about those

[pierrelebel]

"August had a double dividend so aproximately $5.2M as opposed to $2.6M cash outlay." Actually, GXE paid $0.02 per share in August compared to NONE in July.  The reason GXE paid $0.02 in August was to make up for July.  That was clearly explained when the dividend was declared. $0.01 will be paid next week (September 30) and monthly thereafter.

[navajojoe]

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[pkrash]

I hope you guys realize that GXE can afford to make more monthly divi payments because they had $7.9M in the bank at the end of August. I wonder what they will do with it? More buybacks? Buy GIC's? Give out even more divis? There's a reason insiders are still buying. Huge problems...

[navajojoe]

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[pkrash]

The oil price drop is temporary as Sleepy Joe uses the SPR to buy votes. GXE can always adjust capex and expenses as necessary. They will anyway when WTI drops too low as it's better to leave it in the ground. As a shareholder I don't mind buybacks at depressed share prices and will take the divi cash thank you. No debt. Return all profits to shareholders.

[navajojoe]

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[pkrash]

They are still growing production and no, I'm not stupid. The point is they can adjust expenses and still pay the divi. You were posting fake news that they had to borrow to pay. Why the name calling? You angry?

[RAWCOLTY]

Agree that they are not borrowing money. In their most recent Presentation they show some wells being drilled that are paid off in 6 months. That and them having a surplus, they have the flexibility to do what they want to preserve SH value. Note that they have been spending considerable more than normal recently on reclamating old wells. I think they are using their current financial health to

[Roscoe747]

The consensus of opinion at the Peters Conference appears to be the status quo for share prices without the funding from generalist investors who, apparently, are avoiding oil and gas exposure. Therefore, shareholders have the option to hold for the dividend and the production increases funded by 2022 capex or sell or hold and swing trade.

[Luckyeleven]

Yup that's what he says but on the other hand heavy trading volumes on the sector.That whole commentary is uselsess to sharholders and has been the last few updates imo. Anyway hard to sugarcoat the numbers here. Any green tomorrow and I am a seller I think.

[meritmat]

also not to be negitive but that old gas field they brought on would have made nothing, Alberta natural gas was negitive last month.  This month looks better thank god

[Luckyeleven]

It was only negative for two days. Lower prices for sure in August and that didn't help but lets face it they are not about NG. I want to her more future guidance and goals for the future not treading water.  https://www.gasalberta.com/gas-market/market-prices

[pkrash]

You seem to be very stressed snd upset lately. The stock market can be volitile. You should solve these issues by selling your shares and buying a GIC. Stock and dividend investing may not be for you.

[navajojoe]

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[lashing]

Well the divvy was put in place to gain a market to sell into. You know that right? So ... perhaps this will fall off a cliff. Hard to say. Long run its a safe hold but short run could get brutal. Markets are going to sell off like crazy tommorow if end day is any indicator 

[Roscoe747]

Ride it out or cash out?