OTCQX:GXOCF - Post by User
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Doubleneedon Sep 28, 2013 9:43pm
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Post# 21775972
RE:DTX hiccup
RE:DTX hiccupI think it has more to do with market fear and rotation in small cap canadian energy plays put on hold due to political incertainty. Investors are afraid of the debt ceiling and afraid the stocks will come down.
I had sold some along with everything else, but i bought back the last days. Even got some at $9.35. This storey has not changed, and we will be rerated once the market fully apreciate this storey. The respected players are traded at 10 times cash flow. We will reach 10,000 Boepd shorthly. And with the new oil price deck, i see $55 netbacks. This is $200 millions per year, of about $2.50 per share.
I am way overweighted and ready for a rerating.