RE:RE:RE:RE:RE:RE:RE:RE:Should CJ Be Interested In GXE?Why wait 20 days when you can pay BOE to pump it in half the time.
https://boereport.com/2023/10/11/gear-energy-post-announcement-asset-review-boe-intel/ In light of the recent tuck-in acquisition, should GXE still be on CJ's shopping list if it ever was at all?
I would say CJ is in a better position to negotiate.
It is always better to make a deal when you do not necessarily need to.
Of course the landscape has changed for GXE too given the ME turmoil and WTI price strength.
GLTA
Quintessential1 wrote: GXE was trading at 80 cents a share and moving lower before they announced they were for sale.
This could turn out a lot like LB with no bidders or buyers and send the stock down further.
That might be a better time to try and make a deal.
In the meantime they should be putting out a monthly report in 20 days showing how they did in September. If it was better and I was GXE I would do my level best to get that report out early.
We'll see.
GLTY and all.
tylerreddick wrote: Bidding war for GXE?
Hahahahahahahahaha