No question about it...this stock could go en fuego to the upside on the next operational update. If GMXR starts knocking out solid producing oil wells in the Bakken, we could see a high-volume charge up through $2 on heavy buying and short covering (...although why anyone would still be short at this price is beyond me, but they are.) This stock has definite four-bagger potential from this price level and could even run back up above $7 in a few years if oil prices move above $100 and gas prices recover well and move above $4. The next two operational updates are going to be very important for this stock.
Right now I'm just sitting on a small long position and watching their Bakken drilling results closely. The vast majority of companies that have drilled in the Bakken have done quite well after a learning phase on their first one or two wells. If I was short I would definitely cover my position at this price level.
Looks like a pretty good buy on Friday.. My SD & CHK helping my poor little GMXR it seems.. At some point it appears Natgas will make a move higher due to many factors.. one being cutting production lowering supplies substantially.. demand will pick up as industries will switch to cheap NatGas, including the trucking industry.. keep an eye on WPRT, LNG & CLNE...GL Longs..
I'm not betting the farm here, however I have a decent amount of shares that could pay off in a year or 2.. there are many companies that are trying to raise capital that are trading higher.. at least GMXR finance's are in place for at least a year.. GL