GGE 25.0% 0.3¢ grand gulf energy limited

now producing oil and gas, page-16

  1. 637 Posts.
    Hi Rob

    I hold GGE as well and here are my opinion:

    GGE is not in a good position even though the SP looks cheap enough to take a punt becos:

    The Louisiana salt dome sinkhole is still not resolved.

    If you goggle it online, you will be able to find the info.

    The last I read, Erin Brochovich ( Sorry abt the spelling) is
    gathering up interest for a class action against Dow Chemical, and I believe, other companies drilling around the
    area. Sort of like a potential witch hunt going on.

    So, I am pretty pessimistic on this on.

    DYOR pls
 
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