GTE stock: Yahoo -> Finance conversation | My over $10,000 dollars investment

April 23, 2021

I need some ideas to help my GTE stock research. 

I like to save time and make some gains in long term. So I decide to take some risk to invest on GTE stock. 

• 2 days ago

  Folks, GTE has already published the Q1 2021 activities of paying down debt, increasing cash reserves, increasing production, opening more wells, etc, etc. And have also reiterated it conservative 2021 guidance based on average brent at $52. At $0.58 its trading as if brent is $35 and none of aforementioned activities took place. This is a bargin. Debt is being paid down, credit line is intact, cash reserves is up, brent is holding $62+, hedges in place should brent dip. This should spike soon. Trade with some DD in place. Concerns include, shares offering (don't see any reason, but never know), accounting fraud, OPEC to significantly increase production/brent price falling well below forecast used by GTE, Covid resurgence and further lockdowns.

  

  Guidelines

  • 

    2 days ago

    Only thing holding this back is low volume coupled with GMT dumping millions of shares to cover the beating they took shorting Tesla.
    
    Already in March they dumped 3.5 million shares.
    
    Can’t wait will they run out! Volume will rise week of earnings we should see $1+ plus easy.
    
    Heck we passed $1 on approach to 4th quarter earning and everyone knew they would be weak due to pandemic.
• 

  3 days ago

  There is not much room left to go down from here. Price increase will be massive when the direction will change.

• 15 hours ago

  Lol, see you in the .40's and that being generous.
• 

  2 days ago

  If this re-tests it's 52-week lows, there is plenty of room for much more downside. Don't fool yourself and convince yourself this is the very bottom.
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  3 days ago

  @Brenda That is an insane comment. You will lose your money only if you sell. There is a force here that will run its course and then stock will gravitate towards fair value. Oil sector will never get to fair value or above like some sectors as it will never regarded as a must be in sector as a macro forces are working against oil in long term.
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  3 days ago

  @John, I hope you’re right. I’ve read reports where hedge funds can basically cause retail investors to lose every cent they invested.... scary.
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  3 days ago

  @neri this is the bottom
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  3 days ago

  @Brenda it's all about the earings report and 10-k report. Budgeted @49 a barrel with a 60 average
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  3 days ago

  If GMT still has 2/3 of their holdings to short sell, I don’t see how this can go up any time soon. April is nearly over and we’re in the .50’s. Granted there are other factors, but people keep posting about GMT’s influence on the down trend, and they still have a long way to go.
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  3 days ago

  @beam_me_up_pls hahahahaha
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  3 days ago

  I keep adding 10's of thousands of shares with this dip. This keeps up, they are going to have to give me a board seat. This is way under value with Brent above $60.
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  3 days ago

  I really doubt gte will reach $1 when earnings. I hope at least we see $1 again but the downtrend needs to stop!!