RE:OPEC+ done , Nuttal pop soon... $60 oil sweetspot for GXE!
Totally agree. AliNaimi You just have to look at what happened to CJ when he made it a top pick. CJ is a lot more liquid than GXE and it got a sustainable 25-30% pop on the top pick announcement. GXE traded 53M shares in March. That's 1.7M shares a day - most of those shares traded after the announcement of the debentures converting to shares in mid March. I'm sure Nuttall got a piece of that. but probably wants more. For a company that generally averages under 400K daily shares traded, it looks coiled for a big pop even before a Nuttall pick. At some point the sellers are going to be done and the shares will be in fresh holders looking on a good return from 50c, With oil poised to trade between $60-65 in the coming weeks, Gear is now positioned with very little debt and has the opportunity to exit 2021 debt free. This makes it both a target and/or an acquirer and if neither - one of the few E&P companies who can start buying back shares very soon or even throw off a dividend to it's investors even while aggressively getting back to drilling. Add being currently severly undervalued, I can't think of a better name to own for this next leg up.