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Granite Oil Corp GXOCF

Energy
Granite Oil Corp is a Canada-based oil producer based in Calgary, Alberta with lands and operations located in southern Alberta. The company is engaged in the exploration for and exploitation, development, and production of oil and natural gas. Its Alberta Bakken Properties are located in southern Alberta at the south of Lethbridge.


OTCQX:GXOCF - Post by User

Granite Oil Corp
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Comment by nijinsky70on Oct 04, 2012 5:02pm
355 Views
Post# 20449479

RE: RE: RE: RE: ?

RE: RE: RE: RE: ?

richajer, you just pass your Accounting 101 with flying colours!! 

 

On top of that there is a "fair value" as well.  This is the price you can fetch if the company is sold.  For example during an acquisition, Company A can have a book value of $1 (base don historical cost of the net assets), market value of $2 (based on the total shares x the most recent closing price) and a fair value of $3, because an acquirer just offer $3 per share to buy out the company!     

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Dealroom for high-potential pre-IPO opportunities