Granite Oil Corp GXOCF

Made $50K on oil last year on wife's TFSA

[survivor2015]

I have a deep appreciation for some of the traders who call Stochouse "home".  I followed some of them to some highly distressed oil companies last year.  Many of which were insolvement and had creditors knocking at their doors wanting to shut them down to get their secured funds back.

I knew all of they were high risk but I convinced my wife to stop buying lottery tickets and have me use that money on some of these market "lottery tickets" which you hope will make you big but you know it's wasting your money. 

Well, I'm happy to report I made her $50k on one of these that paid off in three weeks ago.   I could say I got lucky but I spent a lot of time on weekends "on the computer" as she calls it.  I had told her the tickets could either be worthless or come in big.  Well, the distressed company was disolved and the debentitures were returned with a profit of 5 times.  I was blown away to actually see the money come in.

I had maxed out my TSFA so used her instead.  Moved money around, make money on a safer oil stock which triple in value (on her account).  On mine, I'm still underwater on that stock but it will come back.    I have a lot of investing scars, I'm just glad that I didn't scar my wife's account but she would never know, she doesn't even know how to look at it.

Now, I deregistered about half of her winnings and I'm getting her to pay for things. She's not too happy about that since she now thinks, it's her money.  I did all the work honey and we're still married.  I can read her mind and we better spend the winning, or reinvest, before she uses that money for a divorce lawyer because it's a lot of money.

I still have a bunch of the money left as cash and I'm looking for other "junior" type of companies that might make me a double or triple on the short term.   A few have discussed CJ and GXO on other bullboards. Are there others?

Which one is better?  They both pay nice dividends so if oil floats in the $50-$55 range, both are good "buy and hold" which is more my style. I can just tell my wife "it's for the long term, it makes your $2500-$3000 per year and pays for our winter vacations".   But are there other junior oil that have been punished recently for no good reasons?

It seems to me that something is happening with GXO as volume doubled on Friday and the stock went up over 5% in a day?  Why is that?