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Bullboard - Stock Discussion Forum 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 Discussion

Granite Oil Corp > Beaten up share price
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Post by Squash11 on Jan 15, 2018 7:50pm

Beaten up share price

In the past, I have been lucky enough to partivcpate in a buyout of a gas company that had been beaten down in price for weeks. I was near throwing in the towel when some kind guy in IR said to hang on until the weekend. Bingo.

Buying companies may do this for obvious reasons.
Comment by lineric on Jan 24, 2018 1:22pm
Yes, i would agree that ghe SP is acting like a takeover/buyout is being set up behind the scene. The fundamentals of this compay and the current price of oil are such that the SP should be considerably higher.  Think I will buy more at these levels IMHO.
Comment by SIGG1 on Jan 24, 2018 1:37pm
just wait for $2 before you buy more, it should not be too long....
Comment by SIGG1 on Jan 24, 2018 1:45pm
BTW if it was undervalued you will see insiders buying shares. That hasn't been the case.
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