Granite Oil Corp GXOCF

GXO: Asset diversification is necessary

[stockfy]

I think GXO has to diversify its assets as soon as possible. Having only one asset means increased operational risk compared to other oil producers that pay dividends and have more than one assets. If something goes wrong with GXO's single asset, GXO's cash flows will decline significantly.

Mother Nature is a weird fickle beast, so this lack of asset diversification is what concerns me a lot about GXO. The operational risk is too high here. It's not only the sustainability of its current extremely rich monthly dividend. Just my two cents.