OTCQX:GXOCF - Post by User
Comment by
Sjakkspillon Aug 12, 2019 2:27pm
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Post# 30018926
RE:RE:Q2 Monday
RE:RE:Q2 Monday Slight miss on what I was expecting. I was looking for somewhere between 41 and 42 in debt reduction but then oil prices and differentials were not quite where they needed to be to meet the May presentation expectations so fair enough. At least the debt is going down. Missed by 50 boe on the production side but then again they kept more wells out in order to pressurize so fair enough here too. The August presentation has the company paying down debt by 8.5 million over the next year with a reasonable expectation for oil and differential ($56 and $20). Might have to be patient but I can see the day when the company can once again have a dividend with a much higher stock price than 60 cents.