Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s): GENGF

Energy Oil & Gas E&P

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil... see more

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Gear Energy Ltd > Gear Earnings Report

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Post by KathyPookey on Feb 22, 2023 8:01pm

Gear Earnings Report

Did they beat on earnings estimates ? Also their payout ratio is really low according to my CIBC so I'm surprised they didn't raise the dividend. I'd prefer that instead of share buybacks. Or prefer them to do a special dividend. I'm a small investor and bought 1000 shares at 1.02 today. I added to a current position.

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Comment by Relaxrelax on Feb 22, 2023 8:27pm

Yeah, they beat. You should try and read the news release. Raise the dividend? Their current payout yield is over 11% and paid out 39% of free cash flow which is pretty dam good. They have committed to paying out the dividend till the end of the second quarter. All this information is in the news release.

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