OTCQX:GXOCF - Post by User
Post by
Valueseeker18on Feb 21, 2019 10:43pm
123 Views
Post# 29397638
Share price protection the right way going forward
Share price protection the right way going forwardso they got squeezed in 2018 like everyone, yet their best wells from a type curve were drilled in 2018.
The past is being overblown relative to current value - and the hard focus of maintaining long term value via proper resovoir management and balance sheet protection is the prudent thing to do. Unfortunately the 2018 squeeze (along with the 16-17 lead ups to CDN oil downturn) put tremendous pressure on the stock especially after the dividend cut.
Would rather have a management team that follows up with investing their own capital to meet covenants and protect the balance sheet vs bringing in some quick flip artist.
The banks would have a tough time squeezing as this group can get other capital to replace theirs and management gets this, regardless of what naysayers of past approaches and or groups trying to get this on the cheap think - anyone who has bought in the last 6 months should be patiently rewarded. Good luck to all.