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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

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

Comment by Roscoe747on Jul 15, 2022 1:15pm
118 Views
Post# 34827410

RE:TAX pool of 668 millions...

RE:TAX pool of 668 millions...There is no reason for a forced sale so any potential buyer will need to make an offer that convinces shareholders to sell. Given the penchant for a return of capital in the industry, a share deal is likely to fail and a cash deal will require a sufficient premium to entice selling.<br /> <br /> A buyer big enough to utilise the tax polls can offer such a premium though.
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