Post by
downwithdotcom1 on May 03, 2021 7:53pm
why is GTE trading < 1X forward annual cashflow??
-security concerns-always ongoing
-COVID - its real and its serious-see article from OILPRICE "south american oil production could implode" .BRAZIL and their TRUMP like prez whom just refuses to believe in the simplest of steps is the chief culprit and now add in the variants, Columbia , amongst other countries in this region have/will be especially hard hit in the days going forward..
The number ONE reason thou, is the market's complete loss of cofidence in this management team - $100's of millions blown to raise production and nothing to show for it (except of course, a huge loss in investor equity ala most of the US shale producers).
There is hope, that at last management has gotten the message about FREE CASH FLOW and profits but we are definitely in show me mode.. COVID aside, thats the real story - BRENT (less the discount) is approaching $70 , a full $15 USD above their highest pricing assumptions and on paper is now trading <1 x forward CF-Q1 results this week-see what happens...dwdc
Comment by
downwithdotcom1 on May 04, 2021 7:11pm
maybe your on something..new story at oilprice (title see below)...dwdc "Explosion Of Violence Is A Major Threat To Colombia's Oil Industry"
Comment by
baranja on May 05, 2021 10:10am
dont' read oiliprice.com. That is anit-oil garbage financed by varous hedgefunds and ony designed to keep oil price down and create ilusion like we are all swiming in oil and there is huge glut and alternative energy is just now to replace oil and gas,.. any munute. Pure garbage with clowns posting stores there.