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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 lovehockeyon Dec 19, 2024 3:11pm
134 Views
Post# 36370897

Another problem with Newco

Another problem with NewcoAt the IPO it will be heavily shorted. Everyone and their dog will know that $2 share price is not possible in the current situation and it will attract every serious shortseller. The stock price will tank like you rarely see. It simply will not make any sense having that stock at IPO. Even if you want NewCo shares it will make more sense to buy it down the road, definitely not now. Everyone who knows the market understands all of this, no way someone will choose NewCo shares over guaranteed 60 cents per GXE share. As a result it is a guaranteed 30 cents per share and a stock that will tank like you have never seen, possibly from 2 dollars to 15 cents. 
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