RE:It just isn't that cheapI disagree. GTE debt is not that bad, at least it is the same as with other oil. All oils have debt that takes them years to get out of.
It is just that this management is not selling the stock to right money managers. They dont' talk about share buybacks.. they don't talk about dividents,..
Management fault here 1000%.
maldwyn wrote: The reason GTE lags other oil names is that relaitive to other oil producers it just isn't that cheap. They have a crushing debt load that will take them years to get out from under, even at elevated oil prices. As a long term holder I feel stuck with it, but only an oil super-cycle will make this one pay out. Between its relatively rich valuation, its history of operational problems and the continuing political risks there are no reasons to buy this over other small cap oils.