GPOR?

Post Reply
halvin
Posts: 7
Joined: Mon Apr 26, 2010 2:47 pm

GPOR?

Post by halvin »

Any information on the significant drop in price?
setliff
Posts: 1823
Joined: Tue Apr 27, 2010 12:15 pm

Re: GPOR?

Post by setliff »

one man's opinion------
I think the sizzle was removed when they announced their more conservative approach to their growth plans and now it is still suffering from a lack of buyers. I believe somewhere between 52 and 55 it will find a bottom and consolidate. at that time it will be a buy. it will take some time and good news for the growth in value to resume. all technical damage from that report in may.
dan_s
Posts: 37288
Joined: Fri Apr 23, 2010 8:22 am

Re: GPOR?

Post by dan_s »

As I said in previous posts, all GPOR needs to do is have a decent Q2 report and confirm their production guidance.

GPOR does have increasing exposure to natural gas prices. Their Utica wells are primarily gas and a bunch of NGLs. See bottom of the forecast model for their production mix.
Dan Steffens
Energy Prospectus Group
Post Reply