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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 uogradon Aug 01, 2018 10:34am
197 Views
Post# 28397462

what to do with gxo?

what to do with gxo?Been out of this for awhile after making a tidy little profit and cashing a couple of mega dividends.

the question now is is 2.70 a reentry point or when the quarter numbers come out in a few days is it going to crash.

Both buyout of rrx and spe have if anything been takeunders so can't  really see any positives coming out of strategic alternatives process.  Trinidad today have stopped theirs and based on last quarter dividend is unsustainable at current cash flow rates.

Anyone buying or selling.  I think earnings are next week.
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