GEAR ENERGY LTD - GENGF STOCK NEWS

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Gear Energy Ltd. (GENGF) is a Canadian energy company specializing in oil exploration and development in Alberta and Saskatchewan. The company recently announced the retirement of its former President and CEO, Ingram Gillmore, and the appointment of Kevin Johnson as the new President and CEO. Gear is focusing on maximizing its inventory-rich asset base to deliver long-term shareholder value and plans to continue providing a reliable monthly dividend while maintaining a strong balance sheet. With the anticipated commissioning of the Trans Mountain pipeline in 2024 and favorable outlooks on Canadian heavy oil differentials, Gear aims to further enhance production growth opportunities. The company strives to create meaningful, sustainable growth opportunities while rewarding long-term shareholders through strategic investment decisions.

12/14/2023 04:01 PM

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Gear Energy Ltd. Announces November Monthly Update to Shareholders

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Gear Energy Ltd. (GXE) Announces November 2023 Shareholder Update

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12/01/2023 08:30 AM

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Gear Energy Ltd. Confirms Monthly Dividend for December of $0.005 per Share

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Gear Energy Ltd. (GXE) confirms the December 2023 monthly dividend of $0.005 per common share to be paid on December 29, 2023, to shareholders of record on December 15, 2023. The dividend is designated as an 'eligible dividend' for Canadian income tax purposes.

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11/23/2023 04:01 PM

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Gear Energy Ltd. Announces October Monthly Update to Shareholders

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Gear Energy Ltd. (GXE) Releases October 2023 Shareholder Update

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3.06%

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11/09/2023 04:11 PM

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Gear Energy Ltd. Announces Third Quarter 2023 Operating Results and 2024 Budget Guidance

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Gear Energy Ltd. (GXE) reports strong Q3 results with a 23% increase in funds from operations and a 7% reduction in net debt. The company also announces a $57 million budget for 2024, targeting steady growth, shareholder returns, and a strong balance sheet. Gear is exploring strategic repositioning alternatives to enhance shareholder value.

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2.15%

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11/01/2023 08:30 AM

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Gear Energy Ltd. Confirms Monthly Dividend for November of $0.005 per Share

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Gear Energy Ltd. confirms that the November 2023 monthly dividend of $0.005 per common share will be paid on November 30, 2023, to shareholders of record on November 15, 2023. The dividend is designated as an 'eligible dividend' for Canadian income tax purposes.

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10/24/2023 04:01 PM

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Gear Energy Ltd. Announces September Monthly Update to Shareholders

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Gear Energy Ltd. announces new September 2023 monthly update to shareholders.

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-0.84%

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10/02/2023 08:30 AM

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Gear Energy Ltd. Confirms Monthly Dividend for October of $0.005 per Share

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Gear Energy Ltd. confirms monthly dividend of $0.005 per share to be paid on Oct 31, 2023.

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-2.01%

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09/27/2023 09:51 PM

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Gear Energy Ltd. Announces Initiation of a Strategic Repositioning Process and an Operational Update

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Gear Energy Ltd. announces strategic repositioning process and operational update

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6.06%

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09/21/2023 04:11 PM

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Gear Energy Ltd. Announces August Monthly Update to Shareholders

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Gear Energy Ltd. provides August 2023 monthly update to shareholders.

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-0.81%

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09/01/2023 08:30 AM

News

Gear Energy Ltd. Confirms Monthly Dividend for September of $0.005 per Share

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Gear Energy Ltd. confirms monthly dividend of $0.005 per share to be paid on September 29, 2023.

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4.57%

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FAQ

What is the current stock price of GEAR ENERGY (GENGF)?

The current stock price of GEAR ENERGY (GENGF) is $0.4337 as of November 1, 2024.

What is the market cap of GEAR ENERGY (GENGF)?

The market cap of GEAR ENERGY (GENGF) is approximately 110.6M.

Who is the new President and CEO of Gear Energy Ltd.?

Kevin Johnson has been appointed as the new President and CEO of Gear Energy Ltd., succeeding Ingram Gillmore.

What are Gear Energy Ltd.'s primary focus areas for growth and value creation?

Gear Energy Ltd. is concentrating on maximizing its inventory-rich asset base to deliver long-term shareholder value through strategic investments and expansion opportunities.

How does Gear Energy Ltd. plan to reward its long-term shareholders?

Gear Energy Ltd. intends to continue providing a reliable and sustainable monthly dividend while ensuring a strong balance sheet to reward its long-term shareholders.

What are the upcoming developments for Gear Energy Ltd. in 2024?

Gear Energy Ltd. anticipates the commissioning of the Trans Mountain pipeline in 2024, along with favorable Canadian heavy oil differentials, to enhance production growth opportunities and further benefit shareholders.

What is the strategic focus of Gear Energy Ltd. under the new leadership?

Under new leadership, Gear Energy Ltd. is emphasizing meaningful, long-term shareholder value creation by maximizing its asset base, making strategic investment decisions, and expanding growth opportunities.