RE:RE:RE:RE:Time for GXE to move up with its Peers!! 💴 I agree. Absolutely no concern. Eric still likes Gear and a very good chance to be back in. If you all check every appearnce in the last 15 months it seems that Tamarack and Gear are his 2 favorites. Possible options as Candy mentioned as a way of a play on words that he doesn't own. Bright side is he is out so 1 energy manager can't take the stock down as it is priced in.Other managers may enter and Eric re-enter as he is in and out of these stocks several times.
The main catalysts are : May report, Q2 July 28th should be a blockbust as most small cap energy stock will be, SPR is draining and has to be refilled at some point, driving season is just starting with WTI expected to be at $125 by the end of this week and $135 by the end of June as some suggest. OPEC can't produce more. There is talk of Russia purposely taking an additional 3 million barrels of the market, if this happens then WTI should be shocked up to about $180 which will benefit small caps more than mid-larg cap. No real catalyst for WTI to go down more than modestly until at least late August.
GLTA
Luckyeleven wrote: Nuttall has beedn singing the same tune for years and does this with all his energy stocks. He is in and out all the time so nothing new now with GXE. I have followed him for over 15 years and always take everything he says with a grain of salt. Not sure why the major concern over Nuttall's commentary, it is what it is. Sure he might have put us behind a week or two or not. Next step is May update and that should be the focus here. One thing all should know here is assets just okay and valued on the high side when looking at price per fllowing barrel even though still very cheap as most are. I find too much pumping here with no substance on many posts. The cheaper the price the more buying might come sooner so lets see what happens next week. i would like to see some heavy volume on the upside but who knows anyones guess.