Nobody said this wasn’t risky https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Poised-For-A-Breakout-As-WTI-Nears-70.html
WTI Is sitting at about $69.30 US right now. Not too long ago most of us would've thought that was completely impossible. If price of oil makes it to $80-$100 a barrel, conceivably cash flow per share for our little company could approach price of the current SP. But it is a waiting game, if you're day trading, good for you but you're playing with fire, same with shorting. Sooner or later, and that time might not be far off, there is going to be a convergence of the deleveraged debt, Reduced risk and sky high earnings which supersedes caution on the remaining hedges. And the hedges, will be shrinking or the next quarters as the price of oil goes up. Most of us can do arithmetic, and a new investor won't need a quarterly report to figure this out. Clearly people who are trying to make a quick buck right now, are suppressing the share price. But if the price of oil keeps going up this can't and won't continue and the movement to move upwards will be irresistible and maybe irrational. My case for staying long, regardless of how you were investing with this stock...GLTA.