OTCQX:GXOCF - Post by User
Post by
agoldbloomon Sep 24, 2018 11:07am
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Post# 28677061
Leveraged play on oil....plus get the monthly dividend
Leveraged play on oil....plus get the monthly dividend I was looking over the last presentation....I didn't see a sensitivity analysis. Regardless, they're using $65USD WTIC and it's now over $72USD. That will change most of the metrics, especially the concern about the divvy and capital costs for adding wells. I bet at $75USD oil we start to see some takeovers in the patch because most companies are so beaten up and the outlook is so poor with all the negative pipeline talk. GXO keeps paying out, prob not the best use of money at this point, perhaps cut the divvy to be 5%, and balance the rest between share buybacks and well additions but I'm not a pro. Regardless, the sector will turn at some point, maybe it's $72USD oil that changes quarterly results and draws some attention?