Granite Oil Corp GXOCF

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

[lemeilleur]

keep in mind that oil is at $50   and the stocks of many of those companies are very low for that price of crude oil.
    This week TD securities revised GXO targete price to a lower $7.70   and banks are never right for target prices ,  They always are higner that reality .
   My point is more to point to the big risks US shale producers are taking.  Instead of going along OPEC and emjoy crude oil price of $55 to $60 a barrel.  They are creating a possibility of having OPEC resume fulle production in June, And you know what he could mean  ,possible low price of $30 a barrel.  You don t think it will happen. But it could.

  And what i am trying to say.  US producers by increasing and ramping up production are totally going against the shareholder.  As a shareholder i want see less oil sold are a higher price.
  So the stocks remain healthy. 
 Right now. all i can say if in the next 7 weeks the price of crude oil goes below $45 a barrel .  The damage will be real and it will hurt.

  WHY NOT A SINGLE C.E.O. of those companies STANDING UP AND PUBLICLY ASK THE USA PRODUCERS TO SLOW DOWN THEIR PRODUCTION?  
  I am not as optimistic as they are,.  And i do not see OPEC as a threat,.  On the contrary .  i would have team up with OPEC to reduce the glut..  But that s me/
 And it seems Yankees fight against any other nation
  Even Trump now picking on Canada.  Does it realize consumers pour they spending in US based corporation?
    Oil is scary.  I would have wish U.S. producers react fast and  agrre in their association to go along OPEC.