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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 > Wish I had some cash
View:
Post by NotThatBright22 on Nov 24, 2023 3:41pm

Wish I had some cash

+9% divi at this SP.
Comment by tylerreddick on Nov 24, 2023 4:03pm
But is the dividend sustainable? The market says a loud NO.
Comment by NotThatBright22 on Nov 24, 2023 4:43pm
The factors are the price of oil and the CDN$.
Comment by Roscoe747 on Nov 25, 2023 3:39pm
It may be sustainable in future but GXE is gambling,not managing. The Board made two mistakes - first, instituting a monthly dividend and secondly, only rducing the dividend rather than eliminating it. Gear is down below $.70 because investors have no confidence in the Gear board to manage prudently after this dividend fiasco, Shareholders would be better served, share price wise, if the dividend ...more  
Comment by rustyblades on Nov 24, 2023 5:00pm
The dividend yield will be 0% by the end of the year (2023)
Comment by CandyC on Nov 24, 2023 6:50pm
Might be bought out by year end. If not then Q1
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