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gst selling more assets ????
Posted: Thu Mar 10, 2016 1:44 pm
by bigtex
The Stack and another Oklahoma oil field called the Scoop are two of the best places in the U.S. to drill for oil right now because producers can still make money despite low commodity prices. Gastar Exploration Inc. and Vanguard Natural Resources LLC have recently hired advisers to sell assets in the area.
http://www.bloomberg.com/news/articles/ ... ack-region
what do you know of this, Dan
Re: gst selling more assets ????
Posted: Thu Mar 10, 2016 1:51 pm
by dan_s
This is the first I've heard of this. Gastar will announce Q4 results after the markets close. Maybe they will comment on it.
Gastar Exploration Inc. - NYSE: GST - Q4 Conference Call
Date: March 11, 2016 9:30 am (Eastern)
Dial In: 1-412-902-0030
http://www.gastar.com/
Re: gst selling more assets ????
Posted: Thu Mar 10, 2016 4:36 pm
by bearcatbob
bigtex wrote:The Stack and another Oklahoma oil field called the Scoop are two of the best places in the U.S. to drill for oil right now because producers can still make money despite low commodity prices. Gastar Exploration Inc. and Vanguard Natural Resources LLC have recently hired advisers to sell assets in the area.
http://www.bloomberg.com/news/articles/ ... ack-region
what do you know of this, Dan
IMO companies should do absolutely everything possible to avoid selling assets now. Sales now are the classic buy high - sell low market mistake.