When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
GENGF - Gear Energy's Free Cash Flow Potential Is Uncertain
Gear Energy Ltd
Gear Energy (GENGF) reported strong free cash flow and reduced its leverage during Q2. Also, considering the low leverage, management announced the intention of initiating a share buyback program. And despite the guidance was confirmed, the market didn't react as the stock price stayed close to its multi-year lows.
Besides the usual uncertainties around the limited egress capacity in Canada, the market may have difficulties to estimate Gear's free cash flow potential. The company can't hold its production flat with its reduced H1 capital program.