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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 lovehockeyon Dec 17, 2024 2:57pm
70 Views
Post# 36366762

RE:RE:RE:Newco assets fall to the lowest since announcement

RE:RE:RE:Newco assets fall to the lowest since announcementThis is the math -  very ssimple.

CVE pays $110 mln for Gear assets (3700 boed). That is 0.416 per each issued GXE share. The remainder of production is NewCo assets meaning on the market right now it is valued at about $0.04 per share (264 mln shares). In theory the shares of GXE can't fall below $0.416 as that is what CVE pays unless NewCo assets have negative value. 
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