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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 tallpaulon Jan 21, 2025 3:34pm
28 Views
Post# 36413985

RE:RE:RE:RE:RE:greyowl

RE:RE:RE:RE:RE:greyowlWhen a class action is started against GXE. or I guess it would be Lotus Creek. if the yes (for) side wins this inability for share holders to vote can be some more fodder for the law firm. Everything about this deal is fishy: 1. the timing (first laid out just before Christmas) 2. the wording of the first doucments (very ambigious) 3. lack of explanation from management as to why this sale has to happen (in their communications they spend more time explaining how Lotus Creek was going to operate and less time about why it is soooo necessary to sell the heavy oil assets to CVE 4. and now lots of people are not even getting the chance to vote for or against. What a complete mess!!! But the critical question is, "Was it designed to be a complete misleading mess?"
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