Granite Oil Corp GXOCF

RE:RE:Q3 Results Release - Nov. 8th

[larsen6]

We can't overthink at this point.

The bull market overall is intact until something changes.  We may get more US debt limit noise in January, but it will be just noise again. 

We are entering the traditional bullish season for oil equities.  No guarantee of another huge run, but after watching WTI come back $15 or so in the last few weeks, we are set up for $100 - 110 again sometime this winter.

Re: DTX, I am thinking $10 pretty much holding following the announcement. This counts on them probably exceeding YE target early.   Nobody can gurantee they will, but ask yourself, when was the last time DTX disappointed?

There is a lot of my capital/margin tied up in this one.  I will be happy to see it grow to $11+ in February.   I consider it less risky than doubling or tripling down on an RMP or TVE.  I don't need to worry, DTX just continue to execute.  They are small enough to provide surprises, but big enough to grow on their cashflow.  I look for an announcement taking them to 5 rigs in the new year.


GLTA,

Larsen6