CLR - Gestar: You Had My Curiosity But Now You Have My Attention
Introduction
Gestar Exploration (GST) is a very complicated case.
On one hand, until few months ago the company seemed to be close to turning the ship round. Few distinguished authors identified the stock as offering a huge potential, mostly due to the following:
- Cash Flow. Per GST's most recent statement, the liquidity stance took a giant leap in the right direction (as shown below)
Source: Gastar Exploration 01/2018, Earnings Press Release
- Huge drilling-exploring potential. The company owns a pretty large (circa 68K acres) and promising (circa 1550 undeveloped net drilling locations) exploration area: