Sep. 10 at 1:16 PM
$GTE could easily bust thru
$11 today. We are starting to see higher volume which helps as well. Oil went above
$100 which is helpful. But caution on the side of it elevating much further. Better it settles at these levels for a while, any higher and the world will see demand destruction.
A great 3rd quarter in front of pending sale of South American assets later in 4th quarter will supercharge the stock price.
Again I see
$25 in first quarter 2027after closure of sale, rerating of GTE with zero debt, big decrease in risk exposure,
$8 plus a share in cash. This assumes oil stays at levels of
$85 plus which seems likely thru this period.
Accumulate and good luck longs. Your big payday is coming in a few months.