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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 kavern23on Dec 02, 2024 3:18pm
251 Views
Post# 36341313

RE:Gear and NewCo

RE:Gear and NewCoDude..no offense but this is why these forums are a joke...you think it is tourmaline? HHAHAH why on earth would you even guess TOU? Is that an april fools joke?

Any deals in patch are going to be for long term strategic reasons.  

The buyer is likely to be cenovus who has been discretely selling non core central alberta assets as their core is not central alberta NG.

Outside chance other heavy oil operator in that area but Cenovus is very big in lloyd from Husy oil buy.
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