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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

Post by Valueseeker18on Mar 08, 2019 11:22am
155 Views
Post# 29461317

Continued Uptick Unstoppable

Continued Uptick UnstoppableCongrats to those who bought more shares with their dividend cheques. Netback, reserves and drilling updates will be appreciated by the market and push this to a new evolution of the company’s history. No need to sell at $1.50 this is a 20 year coupon. A water flood combined with exisiting gas injection could be even extra rewarding in a couple years - not even factored in, in fact you could have someone pay 100% of that to own 50% of the incremental production, or use the excess cashflow from hedges and stabilized production and prices to go it alone. Regardless would hate to be short the stock! GLTA
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