RE:RE:RE:Oil at 92 bucks ..Looking forward to 100 bucks..Roscoe747 wrote: Yup. Sensible post, Craig. GXE needs the assurance of free cash flows and they need to prove their growth strategy. Only time will create the conditions that attract higher share pricing. Gear has no boomer wells, only steady low decline production and, in my estimation, may need to revisit their growth strategy once their reserves and their positive cash surplus allows.
Proving up new lands or accretive acquisitions may accelerate buyer interest but is also increasingly risky in the present political environment. I vote for: "steady as she goes" until we are sure that operational risk is secure from political risk.
Still believed in 100 bucks oil here ..
The SPR got till December yet suspect after US elections they be scrambling to start to fill it again..