RE:RE:GLTALongs. Burn the shorts. Still low share price. Makes me wonder - with all the producers paying off hundreds and hundreds and hundreds of millions of debt, where will those ESG cloaked banks park all that dough ?
Also makes me wonder, as all the producers slash their debts, they won't need to hedge as much/at all. So a ton of forward contracts will not be in the mix like they have been. Wonder what that will do for oil ?
Also makes me wonder what's going on when oil is on a tear and oil names can barely stay even each day. I looked earlier and of the ten I follow, seven were red at the time.
One thing for sure, will garner lots of international attention when Q4 reports start hitting the table. Everybody likes to make money.
glta
TheBridge wrote: It's going to take some mor patience. With all the cash rolling in each day at these oil prices it's just a matter of some more time before the share price moves up. Buy backs and paying down debt will speed up the process, so will the oil prices as they continue to move up this year.