Post by
craigs1960 on Dec 25, 2022 2:48pm
75$ floor
Canadian companies printing cash and gear dept free and good dividend a no brainer. Below 1.2 cheap I just keep buying.
Comment by
jleer42 on Dec 25, 2022 3:18pm
Unfortunately Gear needs to be above $80 to be doing well. I do believe oil will be well above this for 2023 and if it is, Gear is heavily torqued. Forward contracts are into February now, probably not a great amount of movement up until March or April. Still long and wating for the upside I know is coming.
Comment by
navajojoe on Dec 25, 2022 5:04pm
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Comment by
pierrelebel on Dec 27, 2022 9:12am
navajojoe asked "But ask yourself this question; are they covering the dividend with free cash flow?" Wrong question. You should be asking "Will GXE continue to pay their dividend even if WTI goes below US$80 for a while?" The answer to that question is YES
Comment by
navajojoe on Dec 27, 2022 4:22pm
This post has been removed in accordance with Community Policy
Comment by
JTDOUBLE on Dec 25, 2022 7:31pm
I also gamble quite a bit here expecting oil to rise next year !! Overweight now , been adding more at 1.20 level all the way to 1 bucks let see where this go next year !! Glta ..