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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 > Question for GXE
View:
Post by pierrelebel on Dec 30, 2024 12:51pm

Question for GXE

In the next few weeks we (shareholders) will start receiving phone calls soliciting our votes for the February meeting approving the takeover.

I have only one question to ask the caller:

"with about 2/3 of the production sold to Cenevus and about 1/3 kept in the new company, will management and members of the board cut the salaries and other remunerations by 2/3 to reflect the much lower production?"

Comment by Roscoe747 on Dec 31, 2024 9:07pm
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