Post by
morsel on Jul 13, 2023 3:14pm
Return of investor confidence in GTE and crude?
The GTE price is appoaching the price at consolidation. Investor confidence was shaken by the Q1 loss and having to consolidate to avoid taking on penny-stock status.
Hopefully, GTE will show a return to profitibility in Q2. The cost of the Q2 development wells should be half the cost than in Q1.
Crude has been oversold and now there will be a supply crunch. All good news for GTE.