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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 snootchybootchyon Dec 24, 2024 2:39pm
40 Views
Post# 36376771

RE:Vote date is carefully planned

RE:Vote date is carefully planned433,000 shares of stock were purchased by insiders today on the open market so that would appear to shoot holes in your theory that this deal is shady.  Given that these insiders would not know at this point how many shareholders will opt for cash, this is a pretty bullish indication that they believe the Lotus Creek assets are valued at a discount.
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