Gear Energy Ltd T.GXE

Dividend

[uwebb429]

Gear Energy Corporate Presentation December 2022 
https://gearenergy.com/wp-content/uploads/2022/11/GearEnergyDEC2022.pdf

Page 8

Gear forecasts its $0.01 per share per month dividend to total approximately $31MM. If WTI is at or above US$80/bbl, the dividend is forecast to be funded with free FFO. Prices below that, would necessitate a reduction in capital and/or the dividend.

If WTI stays in the $75 range, Gear will have to consider reducing their 10.8% dividend, likely by Q2 or perhaps sooner if WTI falls further. Their cash in the bank will not last forever with this level of monthly dividend payment.

[Chefboy69]

how many days has oil traded below 75??? you guys are really trying your best to pull on the strings of share holders here WON"T WORK WITH ME...maybe someone else will sell you shares

[uwebb429]

The December 2022 Corporate Presentation says that the dividend can be sustained with cash flow if WTI averages $80 and WCS is $18 less which is $62. Other assumptions based on pricing: WCS diff US$18/bbl It looks like an $18 WCS WTI differential is going to be overly optimistic for the next few months.  https://www.cmegroup.com/markets/energy/crude-oil/western-canadian-select-wcs

[Chefboy69]

alias created November 10th...and people are supposed to take you seriously...and people ask me why i have so many iggies... hahahaha hilarious

[uwebb429]

Good idea Chefboy69. Put your head in the sand and ignore any facts. There will be less arguments when you only surround yourself with people that have the exact same opinion as you.   Instead of arguiing with people on this board, maybe spend 5 minutes and read the Corporate Presentation. Put some thought into what management is saying in that presentation. I know the truth hurts

[Chefboy69]

As I have learned posts that have too many words are generally to be ignored. And as you said must be below 80 for a few months. Let me repeat must be below 80 for a few months one more time must be below 80 for a few months

[lashing]

LOL they cant cover the div from FCF RIGHT NOW .... I'm happy to take your money. You've been such a jerk to people who have been more than fair to you. 

[uwebb429]

You can decide whether you want to ride out the storm or jump ship for a few months until GXE comes up with a plan for this problem. Present free cash flow is not enough to fully cover the dividend. 

[Chefboy69]

the oil market is the most volatile market on the planet..I was around( and before) oil went NEGATIVE... Your information is just FUD.... Biden crashed oil( with the help of the US futures traders) so the USA can reload their SPR  This is not rocket science and you do not belong in the stock market I know what i am doing It seems you do not

[Chefboy69]

its pretty duisgusting that these "characters" show up as TAX loss is kicking in AND oil drops??? how come we don't see these people when GXE is at 1.30's??? i left stockhouse for 3 years..CAME BACK TO FIND THE SAME TOXIC boards

[lashing]

You did. I was swing trading this at those levels too and you argued with me them too. I kept making a nickel per share and you would always say "but you lose the dividend" .... 5 months of dividend for a hours or a few days or risk and you would always hammer about the dividend and how this was going to the moon. Others were saying there was better quality for their money. You spat at

[Chefboy69]

HI LASHING.....you suck at acting bro

[Chefboy69]

dead giveaway...at least space out your rants bro...OKAY you are boring BYE!!!!!!!!!!!!!!!!

[lashing]

LOL yup - when you have no argument you resort to attacking the person. Its all a conspiracy, dont beleive your lying eyes, follow ChefBoy ... he's so great. Lost all his Chefboyardee money .... cant even get the noname brand now ... but he'sa genious!!!!! Many good laughs at ChefBoy today ... the spittle just lingering from his red face. XXXL sweatshirt stained in tears ... Hey Chef how

[navajojoe]

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[cantlose22]

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