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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
Comment by Steelhead15on May 28, 2013 2:19pm
133 Views
Post# 21450970

RE: why down every day?

RE: why down every day?

There are always profit takers. Sometimes a new high coninues and sometimes a stock pulls back. This is a hard biz to predict in the short term.

However, this is a good long-term company. I'd be amazed if it didn't retest the highs pretty soon- say within 3 months or less. There is never an unlimited number of buyers. That is one reason why real estate usually has pull backs- sellers eventually outnumber buyers.

Bullboard Posts