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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 > Putting in numbers 668 millions tax pool !!
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Post by JTDOUBLEon Jul 19, 2022 1:27pm
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Post# 34834853

Putting in numbers 668 millions tax pool !!

Putting in numbers 668 millions tax pool !!

 

Givenbtge corporate rate 38% .. 

668 m x .38 = 253.84 millions 

This is more than the actual market capitalization of the company.. The rest of company they get for free, of course depending on the price ..

Gxe more likely will be bought out rather the acquirer given the whole company is price to almost nothing with tax pool attached..

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