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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 > CVE deal I would say yes to
View:
Post by lovehockey on Dec 18, 2024 5:15pm

CVE deal I would say yes to

Add NewCo assets at $30,000 per poeb, that will only cost you additional $51 mln in CAD, peanuts in USD. I will take my money to Cardinal or Surge, should have done that long time ago. Managementt can retire as they likely won't find another job in publicly traded company.  What a waste  of time
Comment by DonaldJ on Dec 18, 2024 5:37pm
You were pumping this for what? 2 YEARS? To the moon ... now look at you. TOLD YOU SO
Comment by lovehockey on Dec 18, 2024 5:46pm
You are right. I put my money on a wrong horse. Oh well, you lose some you win some. Good thing for me I have many ways of making money even off some losers, I will be fine. 
Comment by greyowl on Dec 18, 2024 6:19pm
LoveHockey No matter how this turns out I think we are all smarter because of this. GXE's numbers looked pretty good, however I should of looked at more into the investor base of this thing..I think a couple of honest institutions owning part of this would have prevented this low-ball deal. Pretty well All O/G dow past few weeks (10-25%) Few exceptions. Paramount Resources (very high ...more