Tue, Sep 30, 2014, 5:44 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

GMX Resources Inc. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • 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..

    Kel

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 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.

 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.