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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 Snowhouseon Dec 19, 2018 5:47pm
75 Views
Post# 29137663

RE:RE:RE:Next Update to include - Non presentation form

RE:RE:RE:Next Update to include - Non presentation formThank you VS18.

That sounds very interesting from a new investor perspective. My costing is around $1 but $2 sounds like a 100% gain for me if it happens.

But from the company standpoint, I always thought that GXO is worth more than $2.

Something is better than nothing at this stage.

Valueseeker18 wrote: on a cash price takeout and debt assumption nothing less than $2.00 per share based on what they have presented, on a share value merge - the value of what GXO shareholders get as a go forward % of a combined entity should be apples to apples to what each partner brings - for example the same metrics should be used based on current production, reserves (by a credible 3rd party), current NAV of those reserves and some level of fair value for each partners type curve drilling location metrics. 


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