Post by
fearlessggg1962 on Jan 31, 2022 10:47pm
Charts are looking good on GTE
Hello to all long term holders,
Not too long ago sold all my shares of JOY and have been looking for some un-loved small oil companies. I think, I found it, so today was my first day buying GTE, I used to follow GTE many,many moons ago but like everybody else, I had given up on any O&G type companies. GTE looks very good to me right now and came up with what I believe will be the next stop for GTE....$2.40 by next year and and $4 plus after mid 2024 but let's not get ahead of ourselves yet. The $4 plus can only be achieved if all the stars align perfectly. Let's face it GTE's management has fumbled the balls a few times but regardless of the many ball fumblings, I believe management has learned a few lessons and we are now moving in the right directions. So hopefully this thing does not go too crazy on me so i can accumulate a nice little position before it starts to go parabolic on me. Good luck to all long term holders and you can now add me as a long term holder. just so you all know, I am not a penny flipper and I only invest for the long run. So looking forward to put in my two bits of common sense on GTE.
Regards,
Fearlessgg
Comment by
HurricaneAmanda on Feb 01, 2022 11:49am
It's a turn-around play, a value play, and a play on crude prices. I'm in.
Comment by
baranja on Feb 01, 2022 12:30pm
I think GTE is the only oil that hasn't moved at all. It is still seating on pre-covid levels. This is good opporuity for newcommers, and painfull for us holders. If this doesn't go to 3 dollars this year,. .. I dont' know...
Comment by
marcrobert on Feb 02, 2022 10:18am
somebody posted a chart from bmo, gte is in the "foreign" category along with fronterra. they are all trading at the lowest possible multiple 0.2x cash flow vs 0.4 ot 0.5 for canadian properties. so if it was trading with cpg and bte, it would be at 2.50 rather than 1.20. buyer beware, frontier risk premioum gets lower multiple i guess