Granite Oil Corp GXOCF

RE:RE:RE:GXO down - 1.09 % second day in a row

[jerrybe]

lemeilleur, you are not really doing your best with your posts.

In summary your view is: It goes down so it can go down further. Yes, we agree with that, we saw how much these oil stocks can get hammered in a downturn. 

But now the question is whether there is sufficient cushion to weather any storm ahead and upside potential if (when) oil markets recover. 

We need to get over the "Boulder" situation...the spin-off was done at a poor moment (the beauty of hindsight) and it was bought cheaply in the eye of the storm early in 2015. 

Early in 2015, Encana was trading at a low of USD3, now around USD12, someone could have snapped it for, say USD6, so what...Boulder was one of the few that got snapped up at the lowest point (with a very hefty premium); almost no one went for deals early last year. Now you have GXO, clearly the best asset of the two assets formerly in DeeThree trading at a relatively discounted value. Is this one of the best risk/reward E&P investment in North America? I believe it is. I will most likely buy another 1,000 shares, get 7% for waiting each year and if management takes it private, get the premium they will offer to minority shareholders. 

If oil goes back down to USD40 (very unlikely in my mind), GXO will be impacted...but won't go bankrupt like so many shale producers...