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Bullboard - Stock Discussion Forum 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... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > GXE is simply fielding
View:
Post by NotThatBright22 on Nov 21, 2023 2:59pm

GXE is simply fielding

potential offers. There is no timeline to accept any offer. GXE is doing well as a stand alone. Period!
Comment by lovehockey on Nov 21, 2023 3:46pm
They likely had some window in mind, possibly it ends within weeks. In 2024 the debt situation will be taken care of so starting in 2024 is a countdown to buyback. Gear will be returning to $1.50+ after that. If someone decided to put an offer it would be pretty much now.
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