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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 > Insider
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Comment by CDNOilInvestoron Dec 10, 2019 2:48pm
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Post# 30440738

RE:Insider

RE:InsiderGreat call.  If Insiders are not buying from Nov. 21 onward, something has to be up with the SP hitting $0.40!!   It's reserve season and like I have mentioned before, this is the best deal on a PDP reserve basis in Calgary at the moment.  They must have been sent an offer?!?!  I am buying on this premise this week.  The math is simple on this one...  

If an offer was sent over, I should hope the board would be smart enough to bring this to vote...  Don't like the November Corporate presentation (page 7) looks 'good' but tells me there is a pressure problem and this asset needs to NOT be a stand alone pure play company.  If the pool was half shut in, I think the long term effect would be excellent - single pool company's can't do that.  If they cannot replace reserves than just close the front door and blinds.

That would be the end...........  What's up over there guys??????????? 
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