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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 > Roscoe747 stated
View:
Post by NotThatBright22 on Nov 24, 2023 3:03pm

Roscoe747 stated

"Returning cash to shareholders makes little sense until this transformation is complete."
Where the cash qunna go...they cannot buy back shares...to suspend the divi ....for what reason? 
Comment by Roscoe747 on Nov 25, 2023 3:21pm
"Where the cash gunna go?" Nowhere, it stays in the current account. "for what reason" Because the dividend is unsustainable to a prudent management in a volatile sector business.
Gear Energy Ltd
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