The future is so bright for long termers in this stock, I thin I need to be wearing sunglasses.
Sure, the market is looking for BOEPD.......but that is what creates more buying opportunities for those who have done the basic fundamental research at the micro and macro economic levels.
At the micro economic level, we now have 4 levels below ground that may bear oil and/or gas. At the Macro economic level, check the price of oil today and the comments in various media (i.e. comments by Roubini et.al.) over the geo-politics of oil and the middle east. Only takes (a) oil and/or gas to be discovered over two or more levels in the Wolfcamp and (b) Israel to become impatient and bomb the Iran nuclear plant......for the GGP share price to go through the roof.
I have shares in more than several oil and gas stocks but to be frank, GGP is the one I see the most long term potential for multibagger gains......and I do not say that lightly, having seen one of my O & G stocks rise over 20% today.
Time to buy those sun glasses!
All the above is my personal opinion. DYOR.
GGP Price at posting:
2.2¢ Sentiment: LT Buy Disclosure: Held
