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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.


OTCQX:GXOCF - Post by User

Granite Oil Corp > Wanna jump in here
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Comment by traderlong2on Apr 15, 2019 7:37pm
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Post# 29630615

RE:RE:Wanna jump in here

RE:RE:Wanna jump in here
Debt is back on the reduction finally
They have already announced 3 to 3.5 million debt paid back Q1
This Puupy is coming back to life
May 8th is the Q1 release should be 4 plus million free cash flow
guessing they are currently drilling a well or 2
2 weeks in to Q2...... it also will be very cash poitive at these prices
with out the divy and that kinda free cash flow with debt going in the right direction
this sould be over a buck and I think 2 by second Q as the numbers are released
No bad news or negatives here now imo
at 64 bucks and maintaining 1500-2000 bpd
you soon wont buy this cheap
stronger volume the last few days
maybe have some news coming
I am hopiing for return of divy
why not 1.5 cents cash per Q until the debt is paid back ?
glta
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