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Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

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 > Dividend day
View:
Post by scienceguy36 on Jun 30, 2023 12:37pm

Dividend day

Hope the dividend is sustainable. Now have 171,000 shares of GXE which will now pay $1710 monthly.
Will keep reinvesting dividend for shares until monthly dividend reaches $2000 then will reinvest dividend elsewhere. Would feel more comfortable if oil price rises and stays between $75 and $80, then not only would the dividend be more secure but we would see some stock price appreciation.

Comment by navajojoe on Jun 30, 2023 12:50pm
Well you did buy in initially because you thought the dividend was double what it actually is, so forgive me if I question your investment skills.
Comment by lovehockey on Jun 30, 2023 12:54pm
I posted these numbers before but while the dividend is costing about $2.3 mln a month, Capex was costing  $6 mln. Now for Gear $6 mln is a relatively large number and if Gear decided to cut it to $2 mln nothing drastic would have happened. So when you see these "dividend specialists" claiming that in case of a growing debt dividend to be cut - this is their understanding of the ...more  
Comment by CountryBoy69 on Jun 30, 2023 1:14pm
I gave you one for that post Hockey and your scenario, to me at least makes perfect sense , not to other perrenial haters. I have stated for awhile that Biden's administration arrived at the party like a nerd  way to early .His Ammo supply is low at this point and if his intention is to buy votes , YES with lower prices , then anyone on top of things would have waited till now to affect ...more  
Comment by CountryBoy69 on Jun 30, 2023 1:27pm
Hockey , a follow-up , l mentioned that l thought l had 1 posts removed mainly for bullying , thatsrefuting nonowner haters.I should have checked first before my last post to you as 2 more removed for the same reason including one giving you a thumbs up .What is interesting is other than your name no other names were used , so who was l bullying, if the board wants to assume fair enough but what l ...more  
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