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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 > Love the Update
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Post by Valueseeker18 on Jun 06, 2019 12:37am

Love the Update

Well I guess I have to keep buying to keep upto management and their preferred takeout target(s) for further value creation!

26% insider ownership! big reserves, longlife inventory!

Imagine what happens when PSK has to match crown! 

LOVE THIS

Reducing debt by approximately $17 million from year end 2018 provides a 55% increase in equity value by Q2 2020 (assumes $0.80 per share)

https://www.graniteoil.ca/uploads/GXO-CorporatePresentation-May2019-Final.pdf
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