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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

TSX:GXE - Post Discussion

Gear Energy Ltd > current dividend sustainable ?
View:
Post by astutein on Mar 17, 2023 11:38am

current dividend sustainable ?

My view  is NO.

Oil at 66 will  not permit Board to continue dividend.  Cannot borrow money and go  into debt to pay
dividend.

Sell before dividend eliminated next  month.

Comment by astutein on Mar 17, 2023 2:00pm
any comments , would be appreciated.
Comment by navajojoe on Mar 17, 2023 3:43pm
This post has been removed in accordance with Community Policy
Comment by lashing on Mar 17, 2023 3:02pm
Agree. They stated plainly with last results there are no hedges in place for their old production. At $66 they lose money. When div is cancelled this will tank hard. 
Gear Energy Ltd
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