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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 tvstockon Dec 20, 2024 9:03am
73 Views
Post# 36371886

RE:2023 oil reserves report

RE:2023 oil reserves report

Voting NO is thr only way to rescue ourselves. 

Actually if forced, i will rather have for ALL CVE shares,  making sure these guy lost their jobs. CVE with all their capital and economy of scale definitely can develop the Lotus lands much much better. at least they can easily eliminate a lot of these managment posts.

Pretty likley something is under the table. These guys are taking care of their own interst more than the shareholder. 

 

Add that PDP NAV and the tax pools of 600 nillion (which could probably generate tax savings of 150million for CVE, whihch alone more than the 110 milion paid price),  this is a total betrayl of GXE  shareholders.

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