Granite Oil Corp GXOCF

RE:what to do with gxo?

[Sjakkspill]

Earnings will be out before market on the 10th. Not sure what to expect. I’ve calculated that they need $53 Cad WCS to make things fly. We’re a bit under that now but above for most of the quarter and, since they’ve gone back to 200 meter well spacings, I think that the quarter will be ok. I’ve been buying these past couple of days after selling out in early July. Too early by the looks of it but we’ll see. From what I see by watching trades is that CIBC is actively manipulating down while accumulating more shares so that’s a good sign. Agreed that the latest industry transactions have been for less than what one would have expected given the recent upswing in oil prices. It’s doubtful that they have an offer which would give any meaningful boost to the current share price. Just an opinion.