OTCQX:GXOCF - Post by User
Comment by
MustangMatton Oct 05, 2016 12:11pm
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Post# 25312093
RE:RE:growing production
RE:RE:growing production Jerrybe, you took the words right out of my mouth at $50 plus per barrel GXO can grow production and maybe even raise the divy, so I have no clue why the stock has been suck in the mud. They had a little bit of a light cash flow qtr. last time and the production was a little down from some expectations. However, those where like 5-7% misses and yet the stock is off much more than that. Management said these where one time issues due to the conversion of producers into injectors. Maybe the market is expecting lower production than forcast by mangement and is not believing the story?
It is clearly under performing the group over the last few months. Same thing I said a week or two ago. If there are no deeper issues with the secondary recovery method, or some kind of go private plot by mangemnet then the price at the moment is an opportunity if there is something up well then good luck, cheers Matthew