Granite Oil Corp GXOCF

Energy

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.

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Granite Oil Corp > No One is Selling

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Comment by Valueseeker18on Apr 02, 2019 1:25am

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Post# 29567796

RE:RE:No One is Selling

no one is buying if the same traders are holding thin and smart money remains - meaning the bid ask is fully out of whack - WCS is $50 USD that should help amongst others.

That and 1500 bbls a day ran through their facilities in both Jan and Feb 2019 per reporting requirements (note that below is a total of January and Feb so take the average), if that is 100% GXO production this thing is way out of whack get ready for a rocket ship! Note 1500 * 40 netback * 365 = 21 mm cashflow. Hey Bankers announce the extension of the facility before insider friends step in and you are out of a payment - I am sure Montreal and Edmonton would like that!

Row Labels	Sum of Volume
GRANITE OIL CORP.	14538.6
2019-02	14538.6
OIL	14538.6
FERGUSON 1-21 MULTI WELL	888.8
FERGUSON 3-25 MULTI WELL OIL BATTERY	13472.8
Granite 15-18-003-16W4 MWB	177
Grand Total	14538.6