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Re: paladin239 post# 255

Wednesday, 01/07/2009 2:47:25 PM

Wednesday, January 07, 2009 2:47:25 PM

Post# of 1177
Yes,the strike has ended but production hasn't restarted as of yet.Gte has lost up to 80% of their production,according to Bloomberg,since late November.Dana Coffield says they will start evaluating the restart and what is needed to get back up and running.I didn't get bought back in at $2.40 but may get another chance since next quarter results should be disapointing to say the least and past PE is high compared established oil companies Conoco Phillips is less than 5 with a big dividend and GTE is 9.2 according to Scotrade.They need a big hit to get moving again or higher oil prices.Plus the South American ties hurt.Glty,I will be buying on dips back to the low 2's.JMO
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