Two scenarios Ok . Financials coming soon
1. Pay down good portion of debt( very likely)
2. Re - negotiate new terms( very likely)
3. Stop hedging program
4. Buy back shares
5. Might be taken over??? 2.00 plus
6. Increase production slightly
7. Oil prices stay at 72.00 - 75.00
The results of all this very positive for stock price
very undervalued at this level,my opinion, like to see 1.50
The other scenario is low oil prices, refinancing not favourable, Etc. This is NOt likely to happen . It ALL rests on their financials , which will be amazing , sending our little puppy into a new price level . Buy now at these low levels. Let’s see if my prognosis is accurate. GLTA