What a fiasco for GTEPresident Gary Guidry presented us with another loss although, with an increase in production and some decent oil price. What's wrong with this picture?
There is obviously too much spending on exploration, pay-offs and compensation but, no benefit to investors. Management get compensation for doing their job even if they loose money. What a fiasco.
My opinion, President Gary Guidry, management team and deep pocket investor are purposely driving down GTE while increasing the production to someday taking it privately, stealing from investors here!
The posted results do not make sense as they are purposely meant to show a loss.
The market doesn't like the results - 8% at $8.56.
Does anyone else on this board feels they're beeing taken in?