Growing production in Canada is against logic The new management made a claim that they will not go after production increases which is the right thing in current situation. Every Canadian producer should concentrate on efficiency and money saving technologies considering there are some unkowns going forward into Trump's presidency. Gear Energy would have been a great long hold being 5500 bopd producer that is after new ways of produce oil with less.
This current proposal forced upon the shareholders goes against what they were saying months ago. They are taking dividends away for now, they planning to downsize the company and try to grow production with cash. Why? Who is going to benefit from that outside of people who may be getting some quick cash out of this transaction?