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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 > Shaft2
View:
Post by TheBridge on Nov 13, 2019 11:57am

Shaft2

I think that if the share price keeps dropping and drops low enough Granite will become a privately owned company and the shareholders are going to get the shaft2 (shaft1 was Boulder) and the boys running this operation will get the golden shoe horn. The new owners will benefit as the restrictions will be dropped and production will again increase. Actaully, I hope that my suggestion here is completely wrong (still walking around with the first shaft) as I would like to get something decent for my shares.
Comment by traderlong2 on Nov 13, 2019 9:25pm
I would not say it could not happen But they would have to get one hell of a pay check to take the loss on the shares they have almost 1.2 million each for both of our recent buying insiders and a give away wont work for GMT Capital they have a lot of serious money tied up in gxo check the older insider buys below and they own more than 10% of the float insiders own 26% of all outstanding shares ...more  
Comment by traderlong2 on Nov 15, 2019 6:42pm
and they do not appear to be done yet more buying today Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction Volume or Value Price Nov 15/19 Nov 15/19 Carrigy, Brendan Richard Direct Ownership Common Shares 10 ...more  
Comment by MonsterInk2 on Nov 16, 2019 3:09am
Total today's volume is 18735. (Data from morningstar) There isn't a single indivisual buyer but GXO directors. Volume / Avg 18,735.0 / 27,685.0
Comment by traderlong2 on Nov 16, 2019 7:59am
More than Half 36007 shares trade yesterday Trades for C:GXO on 20191115 - 17 trades displayed Time ET Ex Price Change Volume Buyer Seller Markers 15:42:48 M 0.48 0.01 1,000 79 CIBC 1 Anonymous K 15:21:10 M 0.47   ...more  
Comment by TheBridge on Nov 16, 2019 11:37am
Truly, thank you for posting this info. I no longer suspect you having direct ties to GXO and I do hope that something helps this share price move up. If my memory serves me right I think the boys were buying up shares prior to unloading Boulder which at that time provided me with a little comfort that maybe something good was in the works for Boulder. However, that something good was not for the ...more  
Comment by traderlong2 on Nov 17, 2019 10:09am
Welcome! The only direct tie i have with GXO is i am out a ton load of dollars like every shareholder here i was not around for the boulder games started buying shortly after .....should have waited !! I liked the divy and think 2020 they should start back a 1 cent per Q  ( 1.55 mil annual) it will put confidence back in the stock and bring back some long term investor/instutional The debt ...more  
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