Post by
CountryBoy69 on Apr 17, 2023 2:15pm
Thoughts on Gear
The recent price moves , decline are in my opinion a short term phenonomen. Gear har good prospects , very positive FCF , very low debt that many mid caps or majors probably eny and a great dividend which is more than sustainable.Yes there has been selling by insiders, for reasons known to them. In my opinion and only mine l look at a couple of factors. More than a10% rise after the OPEC announcement and insiders who purchased at a whole lot less than even the current price. Since their income comes from working for GXE and perhaps a lot of their stock holdings Katie's up in GXE then diversifying and booking a profit is understandable. Nothing wrong with spreading your money out in other stocks and booking a profit is never a losing proposition. That's my take , but l amas new shareholder holding my 25000 shares and have a bid in for 5000 mo re that l look forward to been filled.
Comment by
lashing on Apr 17, 2023 5:09pm
25000 shares. Thats not exactly invested in GXE.
Comment by
Roscoe747 on Apr 18, 2023 10:22am
Who is? Not you, not the insiders. I've gone from 'investor' to 'vulture on a fencepost'. This dearth of buyers may be the new normal for small producers -- take accretive growth where and when they can and blow down reserves when they can't while returning free cash to shareholders. GXE can do this for 20 years at 18 - 28% FCF.
Comment by
navajojoe on Apr 18, 2023 10:49am
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