GulfSlope Energy Inc (GSPE)

[smith199]

Could WTI average more than $80/bbl for the remainder of 2023? Perhaps.

Considering refinery capacity will continue to be limited for many years to come with supplies remaining tight for the foreseeable future, strong, stable, and secure demand should support prices in the mid-eighties.

A big focus for the intergrated oil majors continues to be growth in production, and strengthening of their shareholder base through acquisitions, increased dividends, and stock buybacks.

Even the smaller independents are getting in on the action. Thus once again, I point out that the Gulfslope focus on acquiring producing assets is the right call.

In the 1st Quarter of 2023, “Arena Energy, a leading independent oil and gas exploration company focused on the Gulf of Mexico Shelf, announced it has closed on the acquisition of Cox Operating, LLC's interest in two fields located in the shallow waters of the Gulf of Mexico.”

So the clouds are starting to break up over the GOM and the blue sky and sunshine is radiating through. Always a good omen for the aspirations of Gulfslope Energy.




Mrs. Smith