GXE pushing higher news could be coming
Like other OG names in Canada recent presentations even those done last month look rather stale. With lenders and reserve reports often considered headwinds the smart move for heavy oil names is to update their respective presentations using price sensitivity at current WCS levels plus minus $10 oil. That would be huge and show investors just how much debt GXE can pay down in 2021. Remember small caps like GXE cannot be masters of their own domain within the current context of lenders. Lenders are forcing hedging, stopping share buybacks and with debt repayment management teams like GXE can take their company back and do what they do best. GXE will run once the market understands how near that day is coming. Management should update presentations so investors can see the magnitude of the turnaround under current commodity pricing!