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GMX Resources Inc. Message Board

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  • keltus1952 keltus1952 Jun 8, 2011 10:55 AM Flag

    Post your predictions

    Yes, the higher price will help the earnings and more importantly the cash flow number.

    It's just that the move in NG prices hasn't been all that significant. Higher is certainly better than lower, but a move to the $6.00 (or higher) area would be much more significant than fluctuation in the $4.00 - 5.00 area..


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    • One of the significant side effects of the high nat gas prices would be that GMXR would have to be writing up the assets rather than writing down, which BTW has been a drag on the earnings for the past several quarters.
      So the earnings upside could be quite surprising.


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