Granite Oil Corp GXOCF

RE:The funny thing is...

[survivor2015]

Totally agree but I don't think it's stuidity.  People have a genuine fear of investing in oil.  Many have been burned.  Large funds have left the sector in the spring causing the recovery to stall until July start of the recovery.

I almost sold a big holding of another oil stock at the worst time in fear.  Glad I didn't.  In fact, if I ever get those gut wrenching moments again, I'll look at all the information and I would be buying instead.

Conversely, when i get all giddy on my gains, I'll start taking "some profits" off the table.  I'm slowly learning about technical analysis and, although not perfect, it sure beats trying to figure out why the fundamentals are way off base at times.

Investing these days is impossible to do unless you start thinking like a trader it seems!  It's futile to try to fight them, I'm slowly starting to join them.

RIght now, this surely looks like a buy to me at $3.10.  There are so many depressed Canadian stocks but with the Saudis allowing oil prices (and "American continent" production to come back), it's a good time to buy these highly depressed oil equities!

Now, we just need the governments at the federal and provincial level to understand there is no "free lunch".  Until we have credible alternatives to oil, we need to get oil to markets.  Until that happens, we continue to give our oil away but GXO does well above $55 WTI so we are in good shape from a highly speculative oil perspective.  It's nice to know you can just ignore theis stock for a few years while collecting the high income dividends.