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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 by User

Bullboard Posts
Post by larsen6on Feb 11, 2013 3:45pm
458 Views
Post# 20970822

Working out as Prescribed

Working out as Prescribed

As I suspected, the price continues to drop following the company's decision to delay guidance until late March.

 

As it gets ever closer to $6.40 - $6.50 though, my bet is that big buyers will step in somewhere.  There will be a reserves report out somewhere between now and the guidance.  Anyone heard on a date?

 

As for me, I sold 25% of my position at $6.76 - $6.86 recentl.  This was painful considering I had bought them at higher levels.  This cash will be used to rebuy at lower levels.

 

Still sleeping while holding DTX.

 

 

L6

Bullboard Posts