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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Energy Oil & Gas E&P
Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Gear Energy Ltd > Bought out
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Comment by Luckyelevenon Jun 06, 2022 8:56am
127 Views
Post# 34733525

RE:RE:RE:RE:RE:RE:RE:Bought out

RE:RE:RE:RE:RE:RE:RE:Bought outAgreed, but many deals work for both parties. If the buyer sees overall value in the deal and GXE feels they can replace that production down the road and show immediate improvement on the balance sheet it may be a good deal for both sides. Don't think this news is all that material in the big picture but then again until we get more details it is what it is.
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