Replies to post #80 on GMX Resources Inc (fka GMXRQ)

[OilStockReport]

I also read something about GMX being undervalued. Thoughts on this?

GMX Resources (GMXR): GMX Resources is an oil and natural gas production company based out of East Texas. GMX concentrates most of its drilling in the Haynesville Shale but recently added oil exploration in the Bakken formation in North Dakota and the Niobrara formation in Wyoming to diversify its holdings. Natural gas prices hit GMX hard at the end of 2010, causing a reported net loss of $149 million. Stocks fell as low as $4.20 on February 15th of this year, but share prices have recovered a bit, hitting $5.69 yesterday. Weaker performance than expected in late March saw many analysts downgrade the stock, but we expect GMX to improve once gas prices recover.