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 by User

Granite Oil Corp

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Comment by vwdriver21on Dec 01, 2014 11:56am

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Post# 23181061

RE:RE:RE:RE:New to DeeThree - Question

I agree! i bought a few last week and again this morning. If we use the three day rule for margin calls, then today is day three after the bloodletting that began last thursday. Going to be interesting to see what happens in the next few weeks with tax selling season upon us, but there is cleary signifigant value here. Will also be interestring to see if insiders continue to buy.

From td Waterhouse report conclusion " We continue to believe that DeeThree has assembled a unique asset base that provides investors with exposure to an attractive organic growth proposition.
This is supported by what we view as an attractive balance sheet, a history of organic growth on a per share level (reserves, production, and cash flow), and a valuation that is below its peer group and unwarranted, in our view. Subsequent to the quarter, DeeThree increased its credit facility to $310mm (from $235mm previously), which should provide ample room for safety in
the current commodity environment.

TDW has a $12 target

Tha

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