OTCQX:GXOCF - Post by User
Post by
Valueseeker18on Mar 13, 2019 1:32pm
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Post# 29479919
Congratulations to Management Team for a Great Year
Congratulations to Management Team for a Great YearA validation of the model under EXTREMELY tough conditions. We all must not loose sight of that - including management which would have seen confusing and dark days last year while being basked in with Canadian industry junk.
Most important the reserve report validates any future scam offers that do not value ALL shareholders - a great validation of GXO's asset.
Also nice new hedges per page 14!
Granite Oil March 2019 Presentation Based on the initial cursory look of the new hedges - all things being equal a significant uptick in bottom line 2019 netbacks per the new hedges with significant torque ahead.
Even on a reduced strip, the underlying value numbers are fantastic on a per share basis.
GLTA
Management is doing the right thing in relaying cautiousness while not deteriorating short term gain for long term erosion. Value per Share per Reserve Report - Even if strip is inflated lots of room for share price movement on the UP! | Proved Developed Producing | $2.29/share |
| Total Proved | $4.95/share |
| Total Proved Plus Probable | $6.70/share |