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Head count, wheres all the loyal followers at?
Yeah i got out right when it peaked and before it crashed down to 0.35 range. 0.050-.055 was me if yall were paying close attention.
Ive been following GSPE for a longgggggg time. I dont post much on here and have never sold any stock. Today i sold everything and took profits. I will continue watching for activity and may buy back in at a later date. Until then its been one hell of a run. Ill check in once a week to read any updates or post anything of value if i hear any scuttle butt around the patch.
Just pure speculation from what ive been seeing in the oilfield. Theres a slough of information about the financial side but i just wanted to do a short and sweet opinion piece.
Opinion Piece. Short and sweet
I think something is coming up for GulfSlope.
With the new green energy boom and big companies divesting assets, its a great opportunity for smaller companies and even startups to come in and pick up producing assets cheap. I think with the people Gulfslope has on board gives them an advantage for picking up those assets and making deals that best align for themselves and "us" investors. Any assets picked up could very well send this stock up to .30 or more very quickly. Fingers crossed and may we all be retired by the end of this.
I guess this is the time to buckle up and enjoy the ride.
I’m holding my position in Gulfslope, have been the past 2 years. Promising outlook considering a lot of the majors are slashing their budgets for my dear Permian/Delaware basin assets. Last auction for offshore leasing was garbage compared to past performance. That’s actually a good sign considering many companies are focusing more cash for GOM which if you take into account the last lease auction, means partnerships, acquisitions, etc. as far as politics goes that is in our favor as well, generally many on the left in Washington just believe out of sight out of mind. Fracking and land based operations hurt their image to the general public so offshore drilling is a big plus for them. So when the price of oil jumps to 100 plus dollars per barrel I think Gulfslope is a home run. It is just going to take some time. There’s a lot of acquisitions, divesting, and lease auctions going on right now. Maybe the Gulfslope team has a few assets and potential partners on their radar. Time will tell. I don’t post on here often but I do follow this thread weekly. Thus far this year I have been busy, I know many companies and people that have lost everything but the industry as a whole has not died nearly as bad as I thought it was going to.
Side note: A lot of companies are shifting their focus to Japan for manufacturing, Japan does not have the capacity to supply itself with enough energy. I can see more shipments of crude from Australia and the US as time goes by. Same goes for India, last year India opened up its doors for foreign companies to come in and drill with a pretty generous package as far as profit sharing goes. Not many companies have taken up India’s offer, sooo more crude oil shipments in the near future.
Stay strong, be patient, time will tell
I’m still in it to win it
Good point bags and thanks Smith. Lot of joint ventures and smaller companies getting absorbed now. Hopefully they are working a deal out for a joint venture or something of that nature. The upstream part of this industry is scary. Downstream not so much. Downstream is booming.
I just want to hear a thank you flipflap for noticing the 50 plus million shares the other day. :). Someone was dumping money into all at once and realized they couldn’t. Somebody knows something that we all don’t. I still have skin in the game and wish boats and many women for all you after this is all over with.
Fingers crossed some good news comes out. I’d like to see around .15 again real soon.
Spot on smith.
I was going to mention Icahn yesterday, I got busy. So Icahn is interested in oil. Big time. I believe he is sneaking in and snatching up or investing in assets dirt cheap right now. Oil will be back up to 60-80 dollars pretty quick. We just need Gulfslope to survive the next few months until the end of the year. Good things are coming, a lot of scuttle butt info is being circulated around Houston and money is moving. Not necessarily towards Gulfslope yet but I have heard Gulfslope come out of peoples mouths quite a bit over the past few months in some of the meetings I’ve been in. I’m a small player and pick up work where I can but I pay attention to who is doing what. Lot of good deals out there right now for those that want cheap acquisitions. I will say this.... lots of expansion projects are kicking off along the coast. The gulf coast will boom here shortly if by definition it is already not booming. I’m swamped with work until the end of the year. Just my 2 cents and opinion of what I’ve seen or heard.
Seems so. I took a screenshot of it but I don’t know how to load it onto here.
.0079 was the bid price. I’ve seen some high volumes quit a bit early in the morning right at open. I haven’t posted in a while but trust me I keep track of GSPE probably more than you do. ?? I don’t understand some of the terminology but that’s why we all have you. To break it down Barney style for us.
Someone had a bid this morning to buy 52 million shares. Looks like things may be heating up again. Fingers crossed.
Anyone want to let me borrow some money so I can buy more?
I’ve gotten a few gray hairs from how long I’ve been in this. I followed this post a long time before I joined early last year. Cheers!
I hope this turns out to be a good run. I’m pretty much stuck in it at this point.
Yeah... they are going to go drill, just a matter of when.
In my humble opinion.
Just to add to your post smith. My speculation is that with the insurance money coming in they can start drilling and if they can get back down to depth to what the insurance will pay for then I’m sure Delek or one of the other many contractors involved will foot the bill down another few thousand feet. Also just to add to the excitement, it gives them that allotted time to look for more investors or already interested investors that are just waiting to see if it would be smart to foot the bill for drilling the remaining footage.
Seems to be a good indication that they are getting ready to rock and roll. Hopefully good news comes out next week.
Merry Christmas to you all. May your GSPE investment bring you good fortune!
Yep same here
Maybe people are selling out due to all the layoffs going on. Idk. Bewilders me. Oilfield is in contraction right now and doesn’t look good until the new year rolls around.
Lot of activity. Someone had to buy all the shares sold this morning.
Good stuff, time to buy more. Looks like 2020 is going to be a busy year.
Too quiet on the market. Something good must be coming up. Time will tell.
No trades today. Wonder what’s going on.
Any changes on the rig?
Amen smith. Good things are about to come out. There’s no way a potential partner could turn down what is basically a free drill with this insurance money.
Wild ride today. Just shorts again.
Welcome back from the holidays folks. Any updates or new rumors flying around?
Cost to drill to 15,254 TVD
HAPPY THANKSGIVING!
My theory is this.....
Waiting on permit for the Tau. Since capital is thin, they are negotiating price. Negotiating with Delek. Mystery partner that we have been wondering is probably also negotiating with them as well. One thing for sure in my opinion is that they will be drilling. When, I don’t know.
Any other thoughts I may have left out?
It’s going to happen. Just give it time.
Thanks spec, I’m ready for solid growth, tired of watching shorts squeeze money off this thing.
Your fine smith. I’m not an old timer either way you look at it. Just a eager investor that works in the Oilfiled and I’ve seen deals like this go from boom to bust. I think this will be the ticket. Lot of opportunity here. I just hate waiting. Been in this thing too long.