RE:M&A ramping up !! I would be suprised if it is aquired now. Most of the aquisitions have been either tier 1 assets or assets which tucked into existing assets.
GXE are tier 2 assets at best, which is why it is so levered to the price of oil. I'm not aware of a company it would be a good tuck-in for either.
When WTI rises consitstently into the $85-$95 range Gear will see more SP movement than the average Canadian O&G. Gear is a bigger bet on WTI and WCS spread.