Jul. 29 at 3:27 PM
$GTE Not sure this stock has any hope. GTE pushed out debt obligations to 2031 meaning it has almost no chance of bankruptcy for many years, debt is falling every month, cash on hand is going to approach
$150 million, reserves are greater than many small and midcap oil companies in South America, its SP is priced at a 50.7% absolute discount to its post-debt 1P after-tax Net Asset Value (NAV) of
$13.39 per share, GTE is trading at just 37.8% of its 1P Net Asset of
$17.46, for 5 months oil has been between
$85-105 a barrel which is well above their base case for the year and yet the SP is almost the same as it was in February.
