so far today the market is down 1%, oil is weak and yet Gulfport is up 5%. There have been multiple days where GPOR has gone counter the trend. Make no mistake, somebody with deep pockets is building a position
Gulfport has made an Investment Banks list of possible takeover targets. Good balance sheet and quality assets make it an easy takeover for large cap oils. Anyone have any ideas on which companies could be looking at GPOR, Exxon or Chevron?
I am starting to build a position as SunTrust has this one on it's list as a good E&P investment when oil starts moving up. Looking at getting in slowly so I can dollar cost average if this one moves down