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Well said.
Well, having the “best” hospitals isn’t the concern here. It’s having the capacity to handle the influx of patients that require intensive care for an extended period of time. Seeing how this virus takes awhile to treat for those that require hospitalization, it can create a compounding effect. Right now, there is no defined method on how to treat or what medication is most effective. It’s all just a big gamble and shooting for what works best at the moment given what resources that particular hospital has.
As it has been reported so many times before, any hospital that exceeds capacity is now no longer effective at treating the public. With supply shortages, staffing and space limitations this contributes to the issue. Right now, there has been a consistent uptick in positive cases across the country and hospitals reaching capacity again in some states and cities. Even here in Texas. Some states and cities are staring down some stark numbers right now and if this surge continues...well, then some decisions will have to be made and rather quickly I might add. I can post sources here, but I’ve been accused of using sources that belong to a political agenda. So, to avoid any such controversy just do a general search and it will reveal just what I am saying.
So what does this all mean for oil? Well, as of right now, truly anything said at this point is pure speculation regarding this stock. It’s like arguing over crumbs. Until affirmative facts that can be substantiated it’s just anyone’s guess. With limited to no PR releases coming from this company, what do we have? Nothing. When was the last PR? Is it even relevant anymore? From one month to the next situations for drilling can change. So, i don’t see how citing past PR’s means anything unless it is for something that is about to happen at least within the coming weeks or month even? Seriously, think about it. Dial back the lens from the little nuances and get a fresh look of everything going on or lack thereof.
We can all consult our sources, but it doesn’t change the actual reality of what is going on which is just a whole lot of....what? Someone posted earlier that the only way this stock or company is going to move in value up or down is going to be based on actual drilling, hitting pay dirt (hopefully) or not and setting it up for use. Until any of that happens, we will all just be sitting here watching this stock flutter up and down and being manipulated for quick profits. It’s .009 folks. A MILLION shares at that price is around 9k give or take. This is not heavyweight material. If it goes up or down .001 is not crazy movement.
For those that know where I am going with this, I think the level of enthusiasm for these types of movements contrasts with the lack of any real action/statements coming from the company and that is why there is a growing level of frustration and disagreement with some of the content (speculation) being put on here.
Just sharing my two crumbs...
Looks like oil is trending up on price per barrel due to demand increasing. This is good for oil and gas stocks. I imagine the current upward trend is due to consumer nations relaxing lockdown measures and businesses resuming pre-lockdown activities. In addition, oil producing nations have lowered output in an effort to shore up oil pricing.
However, I would be cautiously optimistic. As always there are geopolitical factors that can sway overall pricing and can have a cooling effect on not just oil and gas, but the stock market in general. More importantly however, is what I said months ago. Without a defined medical answer to COVID-19, the risk will exist. ThIs pandemic could have a resurgence if this easing of restrictions continues. If a second wave/outbreak or whatever you want to call it, happens, then I would imagine this could cause consumer nations to be at a crossroads. Would it be to reinstate lockdown countermeasures again or press onward and bear the brunt of that decision?
Either way, I imagine that would have a severe or at the very least a constrictive effect on all economies and commodity trades to include oil.
In summary, in my opinion, if there is any silver lining in all of this, is to explore one’s options in investing in a stock. As always, evaluate the risk vs. reward. Most stocks, even this one, are at historical lows. So that’s something to evaluate and consider. I would imagine, in the immediate term and foreseeable future the markets will have volatility due to the aforementioned factors and will have intermittent periods of stability.
I personally believe that if and when a defined medical cure and/or proven treatment plan has been announced by the medical community at large, that all commodities and stock markets across the board will have a historical resurgence. So as an investor, it would posit whether you invested at the most opportune time or will you be on the sidelines wishing you had.
This is what I was alluding to in my post awhile back regarding the price drop in oil. https://www.msn.com/en-us/money/markets/oil-prices-crash-to-24-a-barrel-falling-below-bottom-of-last-bust-creating-supply-crisis/ar-BB11mEjZ?ocid=hplocalnews
I am long in this stock and have been for a few years now. It gives me heartburn to see what has and is happening right now. I’ll admit it. The combination of Russia and Saudi Arabia having a “price/controlling interest war” over oil among all the other producing oil nations is not good. This, with the virus spread and near continuous stream regarding the virus is going to depress stocks and the respective markets for quite some time. With respect to the oil industry, the only folks who are going to make out on this and that’s a big “if” are the refiners. However, at these prices and current conditions, there is a glut in supply and therefore, they aren’t going to be making too much profit overall.
It is indeed uncharted waters we are in. As for GSPE, in my opinion, they are caught in a rough place. To drill or not to drill? I don’t think there is much choice and if they drill it is under less than desirable conditions market wise. The profit margin is dropping with every drop in the price of oil which is being heavily influenced by the aforementioned folks.
It will be quite some time before the oil markets and well quite frankly the markets themselves become stabilized. This is only going to come if there is a breakthrough in medicine, the virus contagion is ceased or slowed down significantly and if the oil producing nations stop or slow down their oil “war”.
Will GSPE survive all this? That’s a very tough order for any company to do as some of the largest industries are already looking for financial lifelines from their respective governments. I suppose DELEK would be GSPE’s and let’s hope this partnership maintains.
While I understand one might not like that source of info, the message I am trying to convey here can be found from a multitude of sources. Like this for example: https://www.cnbc.com/2020/03/08/oil-plummets-30percent-as-opec-deal-failure-sparks-price-war-fears.html?&doc=106431371 or any other media news source you want to corroborate the info. I’m not trying to spin conspiracy theories simply because it came from Bloomberg or any other news site. What I am saying is that the overall price of oil is likely to drop in the interim, as it is doing now, because of the moves being made by Saudis Arabia and the meltdown within OPEC and Russia overall.
Hello all,
Saw this article and thought it would be worth mentioning since it could and likely will reflect on the overall price of oil at least in the immediate and near term future. I imagine this is not a permanent move obviously and more so an attempt to correct market share and prices.
https://www.bloomberg.com/amp/news/articles/2020-03-07/saudis-plan-big-oil-output-hike-beginning-all-out-price-war?in_source=amp_trending_now_2
Much obliged Smith. I’ve been keeping tabs on here and I look forward to what the future holds.
Hello all....
Anyone have updates on the last status/position of the rig contracted by GSPE? I believe Spec had some input on that in the past or perhaps others...
Some news regarding Anadarko and what may be some plays in the Gulf?
https://www.google.com/amp/s/markets.businessinsider.com/amp/news/anadarko-petroleum-chevron-corporation-paying-33-billion-oil-megadeal-2019-4-1028107014
I would imagine a frog underwater would take you to task on that assumption.
Haha yes, +1 to you Trip. My guess, as DB7 has suggested already, is there are a few profiles on here that I think are belonging to the same person. To that end, you have gems like these being posted.
Very well said and I agree.
Agreed.
I couldn’t have have said this better. Well put and I agree.
April 1st.
I hear what you are saying, but as it has been stated a few times already...word is this well has been restricted with respect to any “news” for the time being. As I understand it, it is for competitive reasons. I would expect that if there is going to be a PR it will be for the purpose of identifying results not speculation or “we are still drilling like we originally stated”. I would imagine the timing of a PR is going to coincide with the pre-determined moves on what Delek and Gulfslope intend to do with the well site and beyond. That way, for competitive purposes, they keep what cards they want to keep and not overplay their hand.
Curious, if you got out at .08 then that was about 2 weeks ago. Cheers to making a profit, but why still be commenting on a stock you no longer have a vested interest in?
I don’t think so and in fact that’s just pure speculation on your part. The depression on price of oil and other big sector factors have been weighing down on the economy. That has a rippling effect on all investments. To guess why anyone sells or shorts with no relevant facts or news to precede those actions becomes just speculation and opinion. You have been posting quite regularly and I’ve watched your posts become laced with negativity since there is no definitive news to draw from and so you start guessing or predicting as to what is going on. The fact is no discernible facts have been released regarding the Tau or Canoe well sites. It’s been stated several times by those that have distinctive backgrounds in the oil and gas field that these results take time and patience.
If this stock causes you so much heartburn, why not sell out and go invest elsewhere that produces the news you are wanting to see and hear?
My thoughts exactly. If I had to guess, then I would concur with your assumption.
Well said GSPEX! I’m in it for the long haul and got in almost two years ago (Jan. will be two years). I’ve parked my shares going LONG and just waiting for it to take off which I firmly believe it will. It’s just a matter of time. The price manipulation that is occurring here is nothing more than a vehicle for MM’s to make quick cash since this an OTC stock and is not looked over by the FTC if it were on the big exchange. I don’t see the pedigree of GSPE going in, let alone personally vested as Mr. Seitz has for example, if there was nothing there or if there was such a risk possibility that it wouldn’t pan out. Delek and TXSO wouldn’t invest so much of their own money, time and effort if they didn’t concur with the same findings. Just my two cents.
Well, for me, it is my understanding in a reverse split, a company cancels all of its outstanding stock and distributes new shares to its stockholders. The number of new shares you get is in direct proportion to how many you owned before, but the number itself will be smaller. In a 1-for-2 reverse split, for example, you would come out of the split owning one share for every two you owned previously. If you owned 1,200 shares, for example, then you would wind up with 600 shares. In a 1-for-3 split, you end up with one share for every three you owned, so you would emerge from the reverse split with 400 shares. From what I understand and per the vote, they could go as high as 1 for 100.
So to that end, this will drive down my stakehold in the company and should the price take off...I stand to not profit anywhere close like I would with the current shares I have.
In closing, I don’t know if the brass are looking to do this in the future, but it is an option now. I’m not sure how many voted for or against it, but that would be interesting to know as Gspex stated.
I understand the purpose of the reverse split from a company perspective, but I personally don’t agree with it for reasons stated above.
All of the items passed. Unfortunately, this includes the option to issue a reverse stock split.