Gear Energy Ltd T.GXE

Gear Energy for 2023

[lovehockey]

-There will not be share re-purchased for NCIB (buback)
-Dividends will maintain with no problem (approximately CAD31 mliion or USD23 million 
-No debt ("At times, Gear will incur debt as a result of the timing of capital expenditures")

[Roscoe747]

Gear Presentation shows them back in surplus cash in Q3/4. Dipping in and out of working capital deficit is entirely different from sustaining structural debt. Waterfloods and other production enhancements will take time to show up in increased free cash. Informed investors are aware of the patience required to allow guidance execution. There are always field conditions that disrupt operations

[lashing]

Shooting in the dark thinking it will somehow come true?

[Roscoe747]

Fed signals indicate more rate rises, China industrial oil demand not coming back yet, recession worries may collapse NA demand - lots of reasons to speculate either way. Mid $60s WTI bottom is the buy signal, or not. Lots of crude supply for present demand structure.