630.9 miilions tax pool.. This is ..
why i been saying that acquisitions of gear not just the assets alone but the accumulated tax pool.
Gear indicates 93.8 millions free cash flow in 2022, on this rate , GXE will not pay taxes for 7 years..
630 millions of tax pool ..Hedge funds and profitable oil companies normally uses this as arbitrage acquisitions play especially now gears MC is only 286 m..just about 45% of the tax pool ..basically the tax pool alone 630 X 25 tax =157 m savings..
Basically the company after tax pool , the hedge fund could just buy without premium at 132 m ..
So given the valuations it is very attractive for the buyer at thie oil price level..