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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 Valueseeker18on Dec 19, 2018 3:41pm
82 Views
Post# 29136700

RE:Anyone in touch with GXO management recently?

RE:Anyone in touch with GXO management recently?who cares what would they have to say, half of them now would rather have the buyout option vs have created value for all shareholders - lawsuits pending I imagine unless there is an articulated plan because the math is not adding up.

Fair market value in the articles of incorporation is defined as 5 avg trading days so this is hopefully good for an end of year sandbagged announcement. I doubt their blackout is over as those recent adds were share awarded compensation. They said last presentation hedges were worth 2.5 mm in 2019 - I bet it is closer to 5 plus now. Shut in, pressure up the resovoir and merge with someone who has no hedges and use their production to maintain the hedge. GLTA 
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