RE:RE:GTE is today's BTU Baranja, I too am frustrated of quartely lossess and excuses while oil prices are high. Just after the last quarter release I had some concerns and commented. Take a look below.
What a fiasco for GTE
President Gary Guidry presented us with another loss although, with an increase in production and some decent oil price. What's wrong with this picture?
There is obviously too much spending on exploration, pay-offs (corruption) and compensation but, no benefit to investors. Management get compensation for doing their job even if they loose money. What a fiasco.
My opinion, President Gary Guidry, management team and deep pocket investor are purposely driving down GTE while increasing the production to someday taking it privately, stealing from investors here!
The posted results do not make sense as they are purposely meant to show a loss while all other oil producing companies are showing profits and some rewarding dividens to investors..
Does anyone else on this board feels they're beeing taken in?