This issue was raised last year or so. When the Saudies responded negatively stating that they would cut off supply, The U.S. responded with a don't worry statement. I suspect we are quietly building out refuel stations and cutover technology for the future in the shadows. The big oil company's are already invested, this is not for not. The future is in natural gas. GLTA. G.
GMXR is still suffering due to the negative outlook around gas stocks and over supply for the time being- Encana being another more prominent example. But lets start with a bounce back on Monday to the $6 level and hope that investors see the potential for this gem, firstly as a good takeover target and secondly because it is one of the more undervalued energy stocks out there.
i am 100% sure it will not bounce back on monday. why? because it's MLK day and markets are closed. not sure how low these big boys will take it but do realize it is only a temporary shake-out before they start buying again. i thought $5.50 was the low but in low volume it could dip to $5.25-$5.00