GulfSlope Energy Inc (GSPE)

[spec machine]

A clip from the 3rd article on upstream M&A -

Quote:
“All the factors that kept upstream deals resilient in 2021 carried over into the new year,” said Andrew Dittmar, director at Enverus. “That included a need for inventory by public companies, ready private sellers and favorable pricing. However, the volatility in energy prices caused by Russia’s invasion of Ukraine stalled nearly all deals in March.”


good info, thanks for posting

That could be a big part of the lack of news from CENAQ and the "idle rig/undisclosed client" things

I don't think Delek or Seitz have thrown in the towel and that a net positive value is still where GSPE is, market says it's pretty low currently

the tape says no big dumping stretches

spec
WTI down to $96