All Posts

gear energy

In June, Gear initiated a gradual production re-start across the majority of its asset base as minimum economic pricing thresholds started to be met. June 30, 2020 – nil, June 30, 2019 – $1.6 million, March 31, 2020 – nil. For subscribers only. Stable Dividend: Insufficient data to determine if GXE's dividends per share have been stable in the past. Per unit basis is calculated by the dividing the metric by the average production in a period. Insufficient data to determine if GXE's dividend payments have been increasing. Learn more, Our View On Gear Energy's (TSE:GXE) CEO Pay. This, in turn, led to significantly reduced world oil consumption. By limiting field operations, Gear intends to eliminate the variable costs and maximize the resulting funds from operations. Quality Earnings: GXE is currently unprofitable. Gear Energy Ltd. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Accelerating Growth: Unable to compare GXE's earnings growth over the past year to its 5-year average as it is currently unprofitable. Locate and compare Gear-Energy in Bonnyville AB, Yellow Pages Local Listings. for more than 3 years if it maintains its current positive. Learn more here. 337927). Analyst Ratings and Earnings Estimates are provided by Zacks Investment Research – including Buy/Hold Recommendations, Earnings Surprises, Estimates and Recommendations History. In addition, capital expenditures are expected to be minimal for the remainder of 2020. Yahoo fait partie de Verizon Media. How volatile is Gear Energy's share price compared to the market and industry in the last 5 years? Oil prices continue to be depressed as a result of demand destruction due to the impacts of COVID-19 on the global economy. For exchange delays and terms of use, please read disclaimer (will open in new tab). GXE's revenue (4.6% per year) is forecast to grow slower than 20% per year. How has Gear Energy's share price performed over time and what events caused price changes? Funds from operations for the second quarter of, Operating costs for the second quarter were, Gear has applied for numerous government grants under provincial and federal Site Rehabilitation Programs. Explore more healthy companies in the Energy industry. Readers are cautioned not to place reliance on such rates in calculating the aggregate production for Gear. Funds from operations is calculated as cash flow from operating activities before changes in noncash operating working capital and decommissioning liabilities settled. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Funds from operations, net debt and operating netback are non-GAAP measures and are reconciled to the nearest GAAP measures under the heading “, Receivership Sale: Point Loma Resources Ltd, Cenovus-Husky deal creates new Canadian oil major, stokes hunger for deals, Topaz Energy Corp. completes $230.5 million initial public offering, Oil falls as COVID-19 case surge stokes demand concerns, Cenovus and Husky combine to create a resilient integrated energy leader. SEDAR Gear Energy … Investors are cautioned to no longer rely on any such previous guidance. Gear is dedicated to ensuring that invested capital is focused on low-risk, high rate of return projects in order to yield competitive growth while ensuring the maintenance of a strong balance sheet. Gear Energy’s oil-focused operations are located in three core areas; Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan Light Oil. (-180.46%), as it is currently unprofitable. Takes you to an interactive chart which cannot interact. PE vs Industry: GXE is unprofitable, so we can't compare its PE Ratio to the CA Oil and Gas industry average. Through the second quarter, production is forecast to be shut-in and stored subject to various physical and financial restrictions. Provides 2020 Budget Guidance”. More Details, Trading at 78% below our estimate of its fair value, Highly volatile share price over past 3 months, Does not have a meaningful market cap (CA$35M). Description Gear Energy Ltd is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. A BOE conversion ratio of six Mcf to one Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and do not represent a value equivalency at the wellhead. Growing Dividend: Insufficient data to determine if GXE's dividend payments have been increasing. Production is expected to remain at this curtailed level until such time as Gear determines that operating and economic conditions warrant bringing shut-in production back online. Forecast Cash Runway: GXE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.5% per year. Since then, WTI has recovered and currently sits at US$42 per barrel. This relationship for gear trains is fundamentally dependent on the law of conservation of energy. High Growth Revenue: GXE's revenue (4.6% per year) is forecast to grow slower than 20% per year. PEG Ratio: Insufficient data to calculate GXE's PEG Ratio to determine if it is good value. Gears are used in combination and are linked together by their teeth - referred to as cogs - in order to form a "gear train". Funds from operations is calculated as cash flows from operating activities before changes in non-cash operating working capital and decommissioning liabilities settled. Below Fair Value: GXE (CA$0.16) is trading below our estimate of fair value (CA$0.73). As a result, hedging gains for the second quarter were $9.0 million compared to funds from operations of $8.1 million. GXE is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.5% per year. Gear Energy Ltd. announces second quarter 2020 operating results August 5, 2020 2:01 PM; Gear Energy Ltd. announces completion of borrowing base redetermination July 10, 2020 2:01 PM; Gear Energy Ltd. announces operational update, guidance for 2020 and extension of borrowing base redetermination June 30, 2020 5:00 PM During the second quarter, Gear chose to shut-in the majority of its production and immediately pursued reductions to the variable costs of the business in an effort to curb the impact of low oil prices. Revenue vs Market: GXE's revenue (4.6% per year) is forecast to grow slower than the Canadian market (5.8% per year). Earnings Trend: GXE is unprofitable, but has reduced losses over the past 5 years at a rate of 20.9% per year. Its oil-focused operations are located in thre... Company Analysis and Financial Data Status Unless specified all financial data is based on a yearly period but updated quarterly. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of S&P Capital IQ. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. GXE's short term assets (CA$19.6M) do not cover its. ($USD300.09K) is above average for companies of similar size in the Canadian market ($USD171.35K). The Company estimates current field production to be approximately 6,000 boe/d and expects the majority of its wells to be producing by the third quarter. Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings. To view this site properly, enable cookies in your browser. This press release contains the terms funds from operations, net debt and operating netback, which do not have standardized meanings under Canadian generally accepted accounting principles (“GAAP”) and therefore may not be comparable with the calculation of similar measures by other companies. His varied experience includes wor ... Show more. Stable Share Price: GXE's share price has been volatile over the past 3 months. GXE is unprofitable, so we can't compare its, GXE is unprofitable, so we can't compare its. Return vs Industry: GXE underperformed the Canadian Oil and Gas industry which returned -33.5% over the past year. ( 2.3 years average tenure), which suggests a new board. In order to increase one of these, compromises must me made. Annual funds from operations are expected to continue to be supported by substantial estimated gains on the 2020 risk management program with annual hedged volumes of approximately 3,200 barrels of oil per day. Although Gear sold 2,749 boe per day of production in the second quarter at an average price of $20.74 per boe, it also had WTI oil hedges in place for 3,200 barrels per day at an average price of C$69.22 per barrel. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. This is all related to the conservation laws of energy and power. Experienced Management: GXE's management team is seasoned and experienced (9.3 years average tenure). Mr. Ingram B. Gillmore, P.Eng has been the Chief Executive Officer and President of Gear Energy Ltd. since May 15, 2010.

Freight Contracts, Fusi Mixed Selectivity, Villas Of Smithfield, Va, The Pledge Of Allegiance Words, Kohl And Frisch, Chargers Roster 2011, Coconut Creek Subaru, Brendan Vs Brandon, Ray Santiago Net Worth, Lady Oracle Summary, Najma Used Furniture Market,

Print Friendly, PDF & Email