Gear Energy Ltd T.GXE

Lovehockey

[NobleHouse]

I am not sure what this obsession is with buybacks , nothing but financial engineering with shareholder money that produces little or no results.That dividend reinvested in new shares is a fact not some fiction maybe down the road and at the end of the year if you held your sharecount is up considerably higher.No dividend your SP is the same whether the stock is up r down., makes no sense as if GXE axed the dividend this would be a .40 cent stock.Now who in their right mind wants that , other than a masochist.If the dog was ever increased back to .12 cents yearly then this would probably become a $1.20 stock, your way one third of the price , l will go with a div paying company anytime..

[mofwmofw]

This is really starting to look good. It seems that before whenever it went up, it would come down quickly someone's buying right now and really accumulating not sure who it is but I find it totally different pattern now the way this trades I think it's great. Good things to common. Finally averaged down. Hopefully oil stays between $75 and $85. If it does we're good to go.GLTA

[lovehockey]

You don't need to be a genous to know that currently buyback would have been a better choice over divs for Gear. I already shared my conclusions: with the current environment buyback is more beneficial for share prices than regular dividends. Athabasca Oil skyrocketed from $1 to $5 where Gear declined from $1 to $0.65 in the same time frame.  In any case Gear should be fine - it just

[pierrelebel]

"... currently buyback would have been a better choice over divs for Gear..." I am not so sure. The new buyback program announced in late February limits the company to buy a maximum of 162,537 shares daily: "The total number of Shares that Gear is permitted to purchase is subject to a daily purchase limit of 162,537 Shares," Would that influence the share price?  I do