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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

Comment by traderlong2on Dec 12, 2018 9:07pm
75 Views
Post# 29107071

RE:RE:RE:Insider Data = Updated

RE:RE:RE:Insider Data = Updated
The numbers look good
CWS closed yesterday at 54.39  plus the 6 dollar premium to CWS 60 plus dollars pb
assuming 30 dollars net back = 1800 bpd x 30 dollars = 54,000 free cash per day
x 365 = 19,710,000 next year in free cash flow
current market cap 24 million and change
not factoring in the first half years great hedges
if I am missing something please correct me
seems crazy
Turn those 200 bpd back on asap and the free cash number is 20 million per year
based on todays numbers
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