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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 Sep 28, 2022 2:31pm
170 Views
Post# 34992911

RE:Tax pool here worth more ..

RE:Tax pool here worth more ..

JTDOUBLE wrote: Than the whole company itself .. 

Agreed ... Gxe can be taken out just on tax pools alone .. 

 

Not quite. GXE tax pool cash value depends on the tax position of the acquirer at the time of the tax loss disposition but are unlikely to be more than 25% of tax pool.

Non-capital and capital tax losses have differing dispositions and may contribute to the accretiveness of a financial arrangement if the acquirer has a positive tax position but those producers are unlikely to be interested in scattered assets with 6k production. These producers are more likely to be hiving off their own orphans.

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