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Bullboard - Stock Discussion Forum Granite Oil Corp GXOCF

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 > Almost 100% up in six sessions
View:
Post by Snowhouse on Jan 04, 2019 11:06am

Almost 100% up in six sessions

This stock is crazy. It touched the low of C$0.43 on 27th Dec. On 4th Jan it is trading at C$0.84

That's almost 100% in 6 sessions.

I do not know who has made money here but that's insane...
Comment by MonstersInc2 on Jan 04, 2019 12:35pm
It is not crazy. I bought this stock around C$9.11 All the way down to C$0.43 Not sure who made money in four days. Pretty sure lots of people lost tons of money in the past four years.
Comment by Valueseeker18 on Jan 04, 2019 12:58pm
Management and debt holders made money at expense of many and not sure who else  - they dont mention anywhere in their materials industry leading G&A per BOE at 4 plus per bbl so far this year. Any chance we can hedge that going forward management?
Comment by Snowhouse on Jan 04, 2019 1:27pm
I am very sorry to know about your loss. I do not know if that price will ever be seen again here. I just hope that they do not dilute us anymore. Will they have enough money for Ops Expense next month? I don't know.
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