OTCQX:GXOCF - Post by User
Post by
agoldbloomon Oct 03, 2018 2:28pm
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Post# 28739293
Here comes the run in GXO shares
Here comes the run in GXO sharesLooking at my oil and gas screener, the upside move is still muted considering oil is above $76US and nat gas prices are starting to rally. It's only a matter of time for the quarterly results to reflect the new norm for oil prices and who knows how much natgas rallies since it's just started. GXO should be $2.50-$3 at this point. The divvy should be cut and the market participant will breath a sign of relief to see the management make sense. Use some of that divvy money to buy back shares or expand their drilling. We might be at the beginning of a large rally in cdn oil and gas shares given the commodity movement of late.