Granite Oil Corp GXOCF

Getting paid to wait for markets to come back to reality.

[agoldbloom]

Dividend already reduced and management sounded pretty reluctant since GXO was one of the final holdouts from the cut parade over 2017.   Now with oil over $60, any concerns over tightness should be gone.  In the meantime, Trump opens his mouth stupidly (or as usual as per Trump) about offshore drilling, which is by the way, the most expensive way to go about drilling for oil....and GXO just keeps paying investors to wait out the dip.

Look at the chart for WTIC. Very clear uptrend, and guess what, 9.15% divident paid monthly until the market turns it's hot money towards energy again.  Oh there's unrest in Iran you say?  Maybe that time will come sooner than we think.  

GLTA

[SIGG1]

I would like to think you are right but unfortunately I think some of these energy stocks are not going anywhere anytime soon. there is currently an oil glut in alberta and price of canadian select is not even near that $60 level.  Dow jones is now over 25000 and keeps going up everyday while our stocks on the stupid TSX are not moving, when the bubble burst we will see our stocks plunge even