Gear Energy Ltd T.GXE

RE:msfortuna and the big lie

[masfortuna]

navajojoe wrote:

"Finally!  I toldhim politiley twice that the numbers given are year averages and that we are well above that range.  I told him that the divy is going to get paid as we are still in a "surplus" environment.  I told him that unless we maintain a sub $80 price for an extended period of time AND if they choose NOT to readjust budget THEN it would be a problem but that clown just kept insulting and posting the same garbage. Now we are back at $80 and his new one is to remind us of the gap wcs that existed prior to release of any numbers. stupid is being polite.  I say "dishonest".
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What is dishonest is this clown. He still claims that GXE has a cash surplus, while everything GXE has put out clearly indicates that the cash is most likely all gone.

What is even more dishonest is him harping about the $80 level for WTI that GXE bases its guidance on, while not bothering to mention the second part of that calculation, the WCS discount to WTI. GXE uses an $18 discount, but it is about $10 higher than that now, so WTI would need to be $90 for the liar to be right.

I know that anyone invested in any stock never really wants to face reality, and the lies from people like masfortuna are always more attractive than the truth, that is never a good investment strategy.

I have always been honest, and admit that if GXE wants to maintain their dividend by cutting capex and/or reclamation, or just borrows to pay the dividend, that is possible. But it simply isn't sustainable, and anyone who has been investing in energy for more than a few months knows that is the road to disaster. Many companies tried it in the past and paid dearly.

If WTI gets back to $90, or the discount shrinks to $18 in the near future, GXE can squeak by. And the discount "should" shrink, so holding GXE should be a reasonable place to have some money invested. But why people have to lie about the situation is simply beyond my understanding.

What is dishonest is this clown. HE CLAIMS THAT GXE HAS A CASH SURPLUS, while everything GXE has put out clearly indicates that the cash IS MOST LIKELY all gone.

I didn't claim they had a cash surplus. GXE indicated that. And "most likely gone" is means that you are just giving your opinion. That would be very different than a fact. You keep twisting and turning what people post and cherry pick hat you like which is a surefire sign that you have an agenda. I have you on ignore BUT whenever somebody quotes you in their post, I have to read it.  ***I already told you, sell if you are that sure of what you are saying.