Gear Energy Ltd T.GXE

Who’s going to buy Gear. Surge passed on it

[CandyC]

Surge Energy passed on buying Gear. It's at the 1:10:35 on this YouTube video today
https://youtu.be/Nnaj4Cbex9o?si=fEe59KbQuo_OXlm3

[lovehockey]

Nobody. It will not be sold. 

[StanPippen5]

What waiste of time! The company is not for sale!

[brewster123]

They passed on it but Paul C had some good things to say about Gear.  It just didn't fit Surge's criteria.

[Reachme]

According to them Gear is for sale.... Gear is a nice company with low debt according to them... Gear made a good job and now they want to monetize the company.... It's All good!!! I would like $2 a share.......possible?

[NotThatBright22]

Perhaps this is why SGY pulled the plug.  Not gunna be a fire sale, but rather fair value. GXE should be patient, and we should be the beneficiary of this.

[Quintessential1]

I agree it is not going to be a fire sale.  I think $2 a share is a pipe dream but if they can get I'll take it. They are going to have to show better numbers than in the October monthly report. I was hoping to see debt reduced or at least flat.  The higher production numbers are nice but not if they translate to higher costs and more debt. Hopefully these are just higher one

[Roscoe747]

Surge stated they passed on Gear for "technical reasons" and "asset quality". IOW, high cost and low recovery for their asset fit.Their asset fit is admitedly first tier so Surge passing on Gear is not unexpected but it does demonstrate that the low SP is not just 'manipulation'. While there may be quite a lot of cash sloshing about in the oil sector, that does not