Gear Energy Ltd T.GXE

New Investor

[graffiti99]

I'm a new investor. Over the long haul, I'm pretty confident with GXE as an operation. I am curious however, if 2023 is a little worse than expected, and WTI averages $70, what will GXE do? Will they cut the divi, cut production or both? Will they take a bit of debt to smooth it over until 2024? I can't see oil remaining in low to mid 70 range into 2024, not with china re-opening, oil demand, no ffinanciing or exploration to oil companies with all the climate change hysteria

[navajojoe]

This post has been removed in accordance with Community Policy

[graffiti99]

Really? Not sure I would agree. If you eliminate the dividend iincome nvestors generally dump the stock, which depreses the equity and relfects poorly on management in that they are perceived as not setting a stable dividend policy. But then, GXE is smaller and a little different. I think they could  trim, but not eliminate the dividend because they have some hedging, they have some growth

[Roscoe747]

Gxe has steady hands guiding the company. Investors can be certain that whatever lies ahead in the new year, management will execute well. Whether that entails short term borrowings on their untapped credit line, reducing cap ex or declining the odd month's dividend in the short term, the medium term will be fine. The refilling of the SPR should have a positsive impact on the heavy oil