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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 > Dividend is not sustainable?
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Post by astutein on Jul 20, 2023 10:57am

Dividend is not sustainable?

Net debt increased by 1.9  million fromApril figure of12.4.

April Net debt    12.4 m  May 12.8 June 14.3

Paying dividend by increasing debt is not sustainable IMO.

Comment by lovehockey on Jul 20, 2023 11:48am
Absolutely not sustainable. And its been like that for longer than a year. Please sell for 99 cents while you can and never post here the same message again. 
Comment by pierrelebel on Jul 20, 2023 12:00pm
astutein - please read the monthly update again - carefully Debt at the end of first quarter (March) 15.3 million dollars Debt at the end of second quarter (June)  14.3 million dollars Results - REDUCTION of the debt by one million dollars Conclusion - Payment of $0.01 monthly dividend is sustainable. End of story
Gear Energy Ltd
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