Granite Oil Corp GXOCF

RE:Extreme valuation discount

[Valueseeker18]

the logic of paying down debt is fine, as they will be ready for the next wave of sub 10,000 BOE companies that need to fire sale assets for cash! they will be one of few that can take advantage and that is better than a buy back program. No need for short term financial engineering to bail out some other marginal larger co with exhausted properties and liabilities. If a larger oil and gas co or royalty trust wants GXO properties that would definately be well suited for any program, they can pay up- the price is $5 plus a share, but not sure why major changes especially with a vested team that knows what they are doing are called for unless all shareholders get a deal that makes sense.

Market will start paying attention to the strategy shortly, especially when supply chain issues from oil sands players start emerging in the coming months, the current broken supply chain in that segment had nothing to do with GXO management. Happy that 2018 is behind the company and look forward to management moving it forward and updating us with the positive momentum coming!