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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

Post by jerrybeon Jun 29, 2017 2:01pm
180 Views
Post# 26420570

Bailing out on GXO

Bailing out on GXOIt hurts me...and I got plenty of dividends but the price action is quite sad and frankly quite uncorrelated with oil...at this point, the firm should take this one private or drum up better its qualities. As it is, it sure feels like management is letting it sink to take it private on the cheap...tempted to wait for that to happen (and get the premium offered) but if oil does not cooperate, I could see this going down further, especially if they cut the dividend...which is likely if oil lingers around $45....
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