Gear Energy Ltd T.GXE

From the August update

[Reachme]

The end result of all these numbers is a potential point in time funds 

from operations of more than $45 per boe, a record high when 

compared to any previous full year in Gear’s history. 

In the essentially impossible scenario where every one of these 

variables stays the same for an entire year, the cash flow generation 

capability (at mid range production guidance) would be a record 

high approaching $100 million of FFO. That would be almost half 

of the current market capitalization of GXE and would provide a 

massive amount of free FFO compared to the current $50 million 

capital budget. Free FFO that could then be directed to increased 

potential growth, shareholder returns and balance sheet stability.

[lovehockey]

This sounds as very promising. It will take some time to get back on track. Unfortunately SPR releases hurt Gear more than others as dividends were being paid. 2024 will be a very didfferent year for the company. 

[YesSetForLife]

Glad I bought in yesterday   this is a great place to park my money and to watch it grow   

[tylerreddick]

That was funny, thanks for the laugh. It is good to keep a sense of humor even when you are losing money.

[Roscoe747]

If wishes were horses, beggars would ride. The latest update contains mostly speculation about how well GXE will fare if prices average $90. The problem with such speculation is that most shareholders bought GXE for that reason. Tell us, Ingram, how well the capex is doing per flowing barrel. Tell us how much waterfloods have increased production. Tell us how productive the new land acquisitions

[Roscoe747]

The stock pimps, JPM,GS, MS, are revising their oil price projections for Q4/23 upward to as much as $100/bbl. They say the energy transition is not going well but the climate change nuts are doubling down on loonery and repressing of oil growth while majors in EU flee to third world havens. EVs sit on the lot while large SUVs and pickup sales in NA are robust in spite of higher gas prices. They

[YesSetForLife]

If you wanna talk about EV's and Musk lying about the range of his Tesla to get people to buy the car in the beginning  An decent electric car in Canada is $100 000< dollars and if you can find a place to connect it that is actually working you have to pay for it People are not buying EV's only about 5% and I was in the 5% and I just bought back a gas V6 because I couldn't