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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

Post by Quintessential1on Jan 28, 2024 5:26am
256 Views
Post# 35849054

The Best Defense is a Good Offense

The Best Defense is a Good Offense I wonder if the strategic initiative has considered acquiring rather then being acquired.  

It looks like RZE is floundering. 

Is there any chance of GXE picking up 50% more production for say 4x GXE's debt?
(mostly RZE's debt) 

If they could get them cheap enough it could be very accreative say $20,000 per BOE
(lower than the going rate but beggers can't be choosers right?)

GLTA
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