Post by
monte8 on Sep 10, 2024 2:56pm
Concerning !!
I'm concerned that even if in the coming weeks OPEC + won't increase production and if US reserve is so low, we won't see the revesral of GTE share price move to the upside.
The oil price this summer (driving season) hovering around the $80 (WTI) and yet, since mid-June high of $14.23 the share price of GTE has rapidly fallen to about 45% to current $8.13 share price.
Other oil companies are not seeing anywhere near the same declines as GTE shares are. There is something fundamentally wrong here.
To make matters worse GTE has issued more shares, taken on more debt for the new aquisition/merger. The Board of Directors and Guidry just keep on approving these bad decisions and collecting their pay and stock options while longtime investors are kept on the backburner and never to realize their return on investment.