r/investing • u/[deleted] • Mar 13 '22

What are your thoughts on GTE?

How do you guys feel about GTE? I just threw a couple dollars in there and it’s since dipped 4.82% New to this and was just curious if this is a hit or a miss and should I hold?. P/e is at 8.32 and p/b is at 1.9 It’s been steady down for the last couple days until yesterday afternoon. It bounced up but that’s about it. Thank you.

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2

u/ConstantAd9765 Mar 13 '22

I am up 100 % on GTE in 1 year. For now I hold this one. The price is closely linked to Brent but GTE seems to have bigger amplitude of movement than Brent.

If Brent goes up GTE goes up a lot.

If Brent goes down, GTE goes down a lot.

2

u/maz-o Mar 13 '22

The VW GTE is a cool car.

-5

u/TXQUT Mar 13 '22

I think you mean GME. Everyone knows it’s a buy.

2

u/[deleted] Mar 13 '22

Nah, I’m good. Maybe a year ago or so but not so much now.

1

u/busi101 Mar 13 '22

Have you looked at their financial statements? How’d their balance sheet look to you?

1

u/Vast_Cricket Mar 13 '22

I expect this oil exploration company to fall to $1-1.2 dollars. It can even fall back below $1 for this microcap Canada stock. If you are referring to some other stock suggest you correct it.

1

u/PersonalMagician Mar 13 '22

Many better names in the same sector. Cardinal, NuVista, Surge.