aftriathlete
WKR
- Joined
- Jan 18, 2022
- Messages
- 451
I think it's the same thing happening to all O&G stocks right now. The Russian price cap anxiety is gone, price per barrel is way down, so all the big names are down in the last month -- PR, EOM, CVX, OXY, GTE, etc. Graph I saw I think on Zero Hedge the other day showed the huge spread between O&G stocks remaining elevated way more than they should be compared to the price of crude, so I suspect that gap is closing as the energy stocks are falling out of favor with institutional investors betting on a recession. Also the end of year dynamics play a role too -- lots of reason to sell and book profits as the calendar year ends.Anyone have any insight into GTE lately? It basically held steady for a while around $1.30, now has been on a downward trend since mid November. But everything I read about it is still positive
Gran Tierra Energy Inc. Provides Operational and Financial Update
Ecuador Exploration: Charapa Norte-1 Well Producing at Average Rate of 1,188 BOPDColombia Exploration: Rose-1 Well Producing at Average Rate of 305 BOPDBought Back 15 Million Gran Tierra Shares of Common Stock for $20 Million Since September 1, 2022 CALGARY, Alberta, Dec. 05, 2022 (GLOBE...finance.yahoo.com
Edit: Who knows man, all stocks are just casino bets at this point.