Welcome to our dedicated page for Gear Energy news (Ticker: GENGF), a resource for investors and traders seeking the latest updates and insights on Gear Energy stock.
Gear Energy Ltd. (GENGF) is a junior oil and gas exploration company focused on strategic asset development across Western Canada. This news hub provides investors with official press releases, financial updates, and operational announcements critical for evaluating the company's performance in evolving energy markets.
Access timely updates on GENGF's quarterly results, drilling programs, and strategic initiatives. Our curated collection features essential information including production updates, partnership announcements, and leadership changes - all organized for efficient research.
Key news categories include earnings reports, capital allocation decisions, operational milestones, and regulatory filings. Track GENGF's progress in optimizing heavy oil assets and expanding light oil production through verified corporate communications.
Bookmark this page for direct access to primary source materials. Combine these updates with market analysis tools to monitor GENGF's position in the competitive energy sector.
Gear Energy (TSX: GXE) (OTCQX: GENGF) has announced its monthly dividend for September 2024. The company will pay $0.005 per common share on September 27, 2024, to shareholders of record as of September 13, 2024. This dividend is designated as an 'eligible dividend' for Canadian income tax purposes, which may provide tax benefits to eligible shareholders. Gear Energy, an oil and gas company based in Calgary, Alberta, continues its practice of regular dividend payments, demonstrating a commitment to returning value to shareholders.
Gear Energy (TSX: GXE) (OTCQX: GENGF) has announced its second quarter 2024 operating results and a monthly dividend of $0.005 per share for August. The company reported funds from operations of $20.2 million, a 33% increase from Q1 2024, driven by higher commodity prices. Production averaged 5,621 boe per day, slightly down from Q1. Gear has revised its 2024 guidance, reducing capital expenditures from $57 million to $40 million and adjusting annual production guidance to 5,400-5,600 boe per day. The company maintains a strong balance sheet with net debt decreasing to $9.1 million. Gear's new strategic direction focuses on organic growth, operational excellence, and maximizing shareholder value.
Gear Energy has announced a monthly dividend of $0.005 per common share for July 2024.
This payment will be made to shareholders on July 31, 2024, with the record date set as July 15, 2024. The dividend is categorized as an 'eligible dividend' under Canadian income tax laws.
Gear Energy (TSX: GXE, OTCQX: GENGF) has announced its monthly dividend for June 2024. Shareholders will receive $0.005 per common share, payable on June 28, 2024. To be eligible, shareholders must be on record by June 14, 2024. This dividend is designated as an 'eligible dividend' for Canadian income tax purposes. For more details, contact Kevin Johnson, President & CEO, or David Hwang, Vice President Finance & CFO.
Gear Energy appoints Scott Robinson as the Chair of the Board of Directors. Mr. Robinson brings extensive experience as an independent businessman and petroleum engineer. The outgoing Chair, Don Gray, expresses confidence in Mr. Robinson's leadership. Mr. Gray also increases his stake in Gear by purchasing 1.0 million common shares, reflecting a positive outlook on the company's future.
Gear Energy announced their first quarter 2024 operating results, with production at 5,714 boe per day, a four percent decrease from the previous year. They invested $7.6 million in capital expenditures and reported $15.2 million in funds from operations, a 17 percent increase from the first quarter of 2023.
Gear Energy confirms the May 2024 monthly dividend of $0.005 per share to be paid on May 31, 2024. The dividend is designated as an 'eligible dividend' for Canadian income tax purposes.
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