Post by
monte8 on Apr 03, 2024 3:18pm
Now GTE above $11.00 per share
GTE has sen a $1.00 rise per share in two trading days. A rise like this is uprecidented for GTE and not all attributed to the rise in crude.
There is no news issued so could be a combination of rise in crude and short covering.
As far as profitable next quarter is concerned, GTE will show a loss as they always do simply by servicing the debt, overspending on exploration, roylties, payoffs to the local governments officials, stock options to management and board members, etc.
The minimal increase in volume (barrels per day) and higher price for oil will not offset the losses. They've played this senario for the longest time.
Comment by
downwithdotcom1 on Apr 03, 2024 4:14pm
agreed-tax reforms?? maybe some exploration news outside of Columbia?? something is going on...dwdc
Comment by
khyber2 on Apr 03, 2024 8:11pm
Why is it , that you post time and time again, badmouthing, GTE? Do you even own any shares? You seem to forget , that there was a consolidation, 1 share for 10 shares. So, $ 11.00 is only $ 1.10 per share. Maybe some of us long suffering shareholders, are happy to see some of our money back. So, why don't you just get lost, and quit your whining, and stupid remarks to yourself?!!!!