OTCPK:GSFVF - Post by User
Post by
geodude13on Aug 17, 2011 12:34am
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Post# 18950210
A different approach...
A different approach...I elected to sell a couple of my oil companies that actually made some gains and elected to purchase GFS as a proxy of the oil and gas market as a whole. With all the pending plays on oil shales, GFS is poised to benefit with the added frac units that reportedly came on in the last quarter. The number of development plays in the saskatchewan and Alberta Bakken, Cardium, Montenay, etc. should have significant backlog. GFS has to be a leading indicator on the health of the field activity and should rebound after the last quarterly results...most of the analysts have now lowered expectations on the earnings, so the next two quarters should over deliver on earnings expectations. I'm accumulating at this price and a year from now I'm looking for a green number in my performance summary.....hopefully. Knocking on wood and hoping all the safety provisions are adequate.
Regards,