Aug. 23 at 8:56 PM
$GTE Will there be a competing bid? If not how high will this go once deal is finalized? Debt is off books,
$8 + cash per share on balance sheet. No more high royalties, along with absurd taxation to produce oil in risk on Colombia and Ecuador. Canadien production in excess of 10k bopd and high potential Azerbaijan in near future. IMO we grind higher as we get closer to sale being finalized. The Equinox divestment has slowed this somewhat.
However if oil stays above
$80 GTE will get a substantial up rating in January and the stock buybacks should get this above
$20. They will also be a profitable company with the South American assets sold and remaining Company could produce a dividend as well.