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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 > GXO down - 1.09 % second day in a row
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Comment by profittaker1on Apr 20, 2017 7:48pm
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Post# 26146296

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

RE:RE:RE:RE:RE:RE:GXO down - 1.09 % second day in a row
Good luck with your short. BTW the important resistance levels of WTI are $47 and $43, not $45. Also US production is not nearly offsetting the OPEC cuts. It just appears that way because of 1)it being refinery maintenance season and 2)there is no clear reporting of stockpiles dropping in the entire OECD. You are looking at a small sample of the entire market to come to a false conclusion. Ever heard of the relationship between sample size and its impact on margin of error? If I were you, I would choose more carefully what to short.
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