Even though GPOR emerged from bankruptcy, the volume is not much promising for optimistic traders. Let’s go back to the oil price crisis. Many energy companies declared bankruptcy after crude oil went below the $50 mark. Right now, there is an obvious possibility for oil price crashes to $10 because of price wars between huge suppliers.
For those who forgot about the company, there is quick reintroduction:
Gulfport Energy Corporation is specialized in the mining, obtaining, and production of CO2 emission-free in the USA. It has about 205,000 net reservoir acres located in the Eastside of Ohio; and then there is the SCOOP, which covers about 76,000 net acres of the reservoir, located in Oklahoma.
The company was founded in 1997 and it has headquartered in Oklahoma City, Oklahoma. On 31 December 2020, it had 2.6 trillion cubic feet of natural gas, as well as proved a huge oil reserve of 7 million barrels, 923 billion cubic feet of natural gas, and 16 million barrels of NGL.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life