RE:RE:RE:RE:RE:RE:Big money manipulation
so basically at $3.50-$4.00 stock trading for 1.26???
Roscoe747 wrote: GXE forecasts $.45 funds from operations in 2022. At a sp of $1.25 and 260mm shares, that equates to 36% of its market cap. GXE can buy back its entire market cap in 33 months at this rate.
It is quite reasonable to expect pros to utilize their superior horsepower to manipulate the stock but insiders buying in at ~$1.50 and exercising options give support to the premise that oil stocks are being dragged down by the general market and will still do well in a recessionary environment, if it occurs.
As far as the price of oil is concerned, it is doubtful that swing producers like Russia or Saudi Arabia will allow a collapse in an under supplied market when they can easily hold back production.
Darth Putin will be overjoyed to hold Stumblebum Joe's feet to the fire and cause more American grief over high gas prices. NA vehicles sales still consist of large pickups and SUVs.
Buy the steak and sell the sizzle.