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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TSX:GXE - Post Discussion

Gear Energy Ltd > WCS $7 below break even

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Post by navajojoe on May 31, 2023 9:50pm

WCS $7 below break even

According to GXE's own presentation, they need $62 WCS to pay the dividend.

It is under $55 tonight

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Comment by Reachme on May 31, 2023 10:43pm

GXE last Financials... The goals for 2023 remain the same: to strike a balance between strong returns on capital, production and reserves stability, continued dividends, and balance sheet strength.

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Comment by navajojoe on May 31, 2023 10:45pm

Based on $62 WCS, not sub $55

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Comment by Reachme on May 31, 2023 10:52pm

@navajojoe Just sell your shares of GXE and go invest in Cannabis if you don't like the oil business idiot

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Comment by masfortuna on Jun 01, 2023 10:05am

He already said he doesn't own shares...This is apparently his hobby.

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Comment by CountryBoy69 on Jun 01, 2023 1:04pm

Exactly what shares are you talking about , he owns nothing and even less between his ears. You are more than likely right as he has made tons in the weed market or perhaps it was him that kept his local Store in business along with anyone who agrees with his outlandish statements backed by no facts and a failure to address any question posed to him, but it seems CM is his favourite momma to turn ...more

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Gear Energy Ltd