Gear Energy Ltd T.GXE

Fact- Gear is up for sale

[scienceguy36]

Just doing some quick calculations as i have a substantial investment in GXE.
So, assuming Gear produces 5800 b\d, it's price per flowing barrel using 14mil debt and no cash on hand
would be about $44,000 per flowing barrel or .87c per share. The value added additional amount would be for the tax pool, estimated additional oil in place and infrastructure which i have roughly calculated with whatever info i could fine. I will hazard a guess when an offer is accepted it will value GXE around 1.26 +/-
10c.
JMHO

[lovehockey]

They will ramp it up in December to above 5900 boed as per their recent updates. Your number is similar to my thoughts that the merger may be with Cardinal issuing 1 share per 6 gear shares. Currently it is $7.50 which makes it $1.25 per GXE share. 

[YesSetForLife]

Gear is drilling at the moment and production can actually become way more than what we all think At $90+ oil everybody is making money Gear could easily double production with a couple of good drilling results. They have non core assets that they can sell or lease  Gear will be a $5 stock eventually 

[tylerreddick]

Did you figure in their $72 million of decommissioning liabilities?

[scienceguy36]

Yes but used the 64,451 million reported in the 4th quarter  financials.

[tylerreddick]

Better check your numbers.

[scienceguy36]

Checked my numbers and am confident enough to hold a substantial position at least until 1.26. What about you? Are you thinking of buying, selling, shorting? I can't think of any other reason for you commenting here!

[tylerreddick]

Well scienceguy, I relaly don't think you considered the decommissioning liabilities until I mentioned it, then you had to go back and come up with a number to make it look like you were doing a serious analysis. Personally, I think you just pulled a number out of thin air, a number where you could break even. Something might come out of this review, but I wouldn't be holding my breath

[scienceguy36]

I have 175,000 shares of GXE so not likely i pulled a number out of thin air. You obviously don't have any skin in the game and won't comment on why you are on this forum so have no credibility with me. Not sure what your motives are but i would guess your a disgruntled former shareholder of GXE. To the ignore pile you go.

[tylerreddick]

People who make investment mistakes don't like hearing the truth, and it looks like you made a BIG investment mistake, and are willing to post anything to try to get that loss back.

[Roscoe747]

Scienceguy, "tyler" is very likely a broker's junior phone chimp tasked with sowing doubt wherever told to do so. He is very angry now because all his hard work has failed to get him off the coffee run.

[tylerreddick]

Roscoe, your off-topic personal attack: " "tyler" is very likely a broker's junior phone chimp tasked with sowing doubt wherever told to do so. He is very angry now because all his hard work has failed to get him off the coffee run. " You know, I could say the same for you. Could you just be some broker's junior phone chimp posting your drivel here? Of course you are

[Roscoe747]

Who cares. Classic 'turn tables' disinformation response. Go away. Whiner

[tylerreddick]

Anyone who reads your posts knows the truth.