GTE has almost recovered the drop of its price following news of the Q2 losses and 10:1 roll-back. Loss of (more) confidence in management was clear. However, what are the chances of a Q3 loss with crude at these prices? Should be no chance. Hopefully, most of the development cost were incurred prior to Q3.
Anyway, volume is picking up along with the stock price. GTE should be announcing production rates in a couple of weeks. And Q3 results in early November. Should be a good October.