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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Energy Oil & Gas E&P
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

Gear Energy Ltd > 53 cent ceiling
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Post by tylerreddickon Jan 13, 2025 1:40pm
89 Views
Post# 36401685

53 cent ceiling

53 cent ceilingEven I am surprised that I was bang on with that calculation.
Yes, there were a few small trades at 54, but not enough for anyone with a decent position to get out.

So it looks like anyone who has run the numbers will be asking for maximum cash, and everyone will get stuck with the maximum number of Lotus shares. That could really pressure its share price when it opens, as those who don't want to continue with this management team dump them. For anyone who wants to stick with Lotus, that may present a buying op.
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Dealroom for high-potential pre-IPO opportunities