RE:RE:RE:Seems GXE finally on the map Eric's concern is when he liquidates. Stock price has nothing to do with it. He can't invest millions in GXE and liquidate his position without impacting the stock price.
Yes, he mentioned it on Market Call. What I heard in addition to them having a good balance sheet is that their free cash flow is 22% - which is enormous. He's modelling 8% - 10% free cash flow valuation for larger companies so even if you apply 12% to GXE, this would be nearly a double.
They have production forecast to increase in Q4 which is a bit unfortunate because the OPEC supply cuts will be reduced, but at $80 oil, the dividend seems to be safe. Interest rates will likely decline this year which will make dividends more attractive.
For an 8% yield on today's price with DRIP? I'll take it.