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  5. GXE: I’m down on GXE in my TFSA and am thinking to add a bit more. [Gear Energy Ltd.]

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Q: I’m down on GXE in my TFSA and am thinking to add a bit more. It looks like they had a good quarter recently and there’s been lots of insider buying. What’s the outlook like for growth and the security of the dividend? Is there anything else to note other than being a small company in an out of favor sector?
Asked by Robert on August 14, 2024
5i Research Answer:
GXE cut its dividend in half in July 2023, and we are always a bit extra cautious after a cut....
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