Interesting. Features such of these are symptomatic of the failure to price risk. At no point did the article mention the thermal resource of the O.D GELs. Nor did it mention funding, or a drilling schedule. In fact, the focus of the article seemed based around market cap and leverage.
What does this tell us, and how much of GRK's pull-back does it explain?
Don't let the rampers fool you. There will be a lot of investors like myself who will be looking to unload a decent portion of their GRK risk into the next rally. I got greedy, took more than I should have, and have lost money on it. I would definitely like to keep a position in GRK/OA, and rate it a long-term buy as a speculative position, but there are safer options with more upside in the geothermal sector.
This is not a down-ramp, and I am happy to be contradicted, but there is little to justify taking a large position in GRK at this time.
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