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  • rkymtgeo rkymtgeo Feb 4, 2013 12:38 PM Flag

    Insider Buying of GSX @ 7 pennies

    Wonder why the insiders are not buying shares of GSX on the open market if it is such a good deal? The insiders have a good idea of what will happen over the next five months and if GSX will sell assets or go into bankruptcy..... They are getting a good check each month as several of the officers are receiving at least $450K/year which is about $37K/month - you'd think they would risk $7K and buy 100K shares of GSX - wouldn't you.....


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    • We've been telling these penny stock chasers for the last two or three years what management was doing, and not doing here, but they just don't want to believe it. They want to think GSX is going to make them rich, but in reality the only ones that ever got rich was management, and they've been laughing all the way to the bank. GSX died a couple years ago when they started selling there assets so management could keep up there salaries. They now will probably try a reverse split in order to survive a little longer and stay out of the unemployment office, but even that won't hold there noses above water for long, a few more months at best as there newly split stock will slide down the craper faster than a greased grape. Good luck Rky.

    • pacer Feb 4, 2013 7:28 PM Flag

      Here's why.
      Quarterly Production
      Estimated cumulative net production for the quarter ended December 31, 2012 was 516 million cubic feet equivalent (MMcfe). By commodity for Q4-12, Gasco reported net crude oil volumes of 6,254 barrels and net natural gas volumes of 478 MMcf. Crude oil volumes for Q4-12 represent a 45% increase, as compared to Q3-12 crude oil volumes.

      The numbers are going to surprise you and we won't say I told you so.

      Sentiment: Strong Buy

      • 1 Reply to pacer
      • Pacer, GSX averaged 68 BO & 5.2 MMCFPD during the 4Q 2012. Oil & gas revenue for this quarter should be up by 15% to 20% because of a modest increase in oil production and higher prices for both oil & natural gas. Expenses will also be up as GSX had a semi-annual interest payment due on its $45 million loan on Oct 4th. Oil production being up by 45% over the previous quarter sounds like a lot; but going from +45 BOPD to 68 BOPD isn't much of a quarterly change...
        Since you believe in GSX, it hit a new all time low yesterday @ $0.069/share - keep on buying cause the sellers will appreciate U....
        Someone is going to be surprised....


    • GSX execs are wildly overpaid. Just look at how much of the company's revenue is consumed by G&A. What have they done to earn that kind of pay? It's been that way out there for years--is it any wonder GSX is considered junk-- Like an offspring of Storm Cat or Teton--both of whom are now adios.

      GSX will be at NAPE this week, and if they can't make some money-raising deals, it may be time to turn out the lights. I think they still have some drilling hope with their carried interests, but it's certainly not a sure thing.

      Somebody like QEP ought to just buy the whole company. Maybe Berry would also be a good candidate. GSX management just leaves a foul odor in the air for fund managers and shareholders.