Gear Energy Ltd T.GXE

Alternate Symbol(s): GENGF

Energy Oil & Gas E&P

Gear Energy Ltd. is a Canadian exploration and production company with heavy and light oil production in Central Alberta, West Central Saskatchewan and Southeast Saskatchewan. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its properties include Celtic/Paradise Hill, Saskatchewan; Wildmere Area, Alberta; Wilson Creek, Alberta, and Tableland, Saskatchewan. The Celtic/Paradise Hill is located within Township 52, and Ranges 23 and 24 W3 and is approximately 40 kilometers northeast of Lloydminster, Alberta. The Wildmere field is located within Townships 47, 48 and 49, and Ranges 3, 4, 5 and 6W4, is approximately 200 kilometers southeast of Edmonton, Alberta. The property consists of approximately 24,325 gross (23,000 net) acres of lands. The Tableland property development is predominately focused on the Three Forks/Torquay formation, with minor production from the Bakken and Ratcliffe formations.

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Gear Energy Ltd > Buyout talk is nonsense

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Comment by lashingon Mar 22, 2024 11:47am

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Post# 35947269

RE:RE:Buyout talk is nonsense

gaga googoo ... thats all you ever post

Quintessential1 wrote: Was that your largest holding? Is that why you're whining so much? Your misery craves company?

Sorry to disappoint.

P.S. use spellcheck

GLTA

lashing wrote: Anyone that is reading "buyout" between the lines of that weak update is delusional. Not even a hint of it.

I've seen tons of these small companies go private and here is how it happens. No one is going to buy this out on the open market and pay ANY premium. They dont have do. They can privately buy the shares of all the insiders, have a magority, and then vote to go private for NO PREMIUM whatsoever. Its happened many times before and it will happen again. Also, insiders will be happy to cancel the dividend so the remaining shares cant be taken dirt cheap. Look up Art In Motion income fund for a perfect example of this. No one was charged, no one went to jail, shareholder got hosed completely by insiders and a single large buyer who then just took the real estate and sold remaining production to China.