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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 > Here comes the run in GXO shares
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Comment by agoldbloomon Oct 04, 2018 9:48am
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Post# 28743724

RE:RE:RE:RE:Here comes the run in GXO shares

RE:RE:RE:RE:Here comes the run in GXO sharesRBC has a NAV of $4.44 on it without the recent pop in the price of oil.  I suspect $3 would take it and major shareholders would agree just to stop the suffering.  It's tough in this market to get any sort of premium, look at the RRX/BTE merger and the VET/SPE takeover.  SPE shareholders are doing a little better now as part of a larger company, but RRX lost alot of value as a result of market sentiment about the merger.  I for one wouldn't balk at $3, especially if it results in a merger with a stronger entity - WCP, TOG come to mind.
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